Suppose you take out a 30-year mortgage for a house that costs $346,655. Assume the following:

The annual interest rate on the mortgage is 4.1%.

The bank requires a minimum down payment of 14% at the time of the loan. The annual property tax is 1.6% 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?