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 $75,215 per year.They estimate the property taxes on their condo will be $1,173 and insurance should be about $1,193 per year.Bryan takes the bus to work, but Jane has a car payment of $238 per month, and they are both still paying off student loans for a combined total of $888 per month.

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

Round your answer to the nearest cent.