Suppose you take out a 30-year mortgage for a house that costs $441,318. Assume the following:

• The annual interest rate on the mortgage is 3.8%.
• The bank requires a minimumdown paymentof 16% at the time of the loan.
• The annual property tax is 2.3% of the cost of the house.
• The annual homeowner's insurance is 0.9% of the cost of the house.
• There is no PMI

Ifyou make the minimum down payment, what willyour monthly PITI be?

Round your answer to the nearest dollar.