Suppose you take out a 30-year mortgage for a house that costs $303,893. Assume the following: The annual interest rate on the mortgage is 4.9%. The bank requires a minimum down payment of 15% at the time of the loan. The annual property tax is 2% of the cost of the house. The annual homeowner's insurance is 1.5% of the cost of the house. There is no PMI If you make the minimum down payment, what will your monthly PITI be?