Suppose you take out a 30-year mortgage for a house that costs $496,970. Assume the following:

-The annual interest rate on the mortgage is 3.7%.

-The bank requires a minimum down payment of 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 0.6% of the cost of the house.

-There is no PMI

If you make the minimum down payment, what will your monthly PITI be? Round your answer to the nearest dollar.