The Total Expense Ratio states that a mortgage payment should be less than

(36% of borrower's monthly gross income)-(monthly hosing expenses)-(monthly loan payments)

Bryan and his wife, Jane both work and have a combined gross income of $64,367 per year.They estimate the property taxes on their condo will be $1,305 and insurance should be about $743 per year.Bryan takes the bus to work, but Jane has a car payment of $222 per month, and they are both still paying off student loans for a combined total of $887 per month.

Find out how much of a monthly mortgage payment Bryan and Jane can afford.

Round your answer to the nearest cent.