Suppose you take out a 30-year mortgage for a house that costs $314239. Assume the following: The annual interest rate on the mortgage is 4.3%. The bank requires a minimum down payment of 13% 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 1.2% of the cost of the house. There is no PMI If you make the minimum down payment, what will your monthly PITI be?