Suppose you take out a 20-year mortgage for a house that costs $476,114. Assume the following: The annual interest rate on the mortgage is 5%. The bank requires a minimum down payment of 13% at the time of the loan. The annual property tax is 2% of the cost of the house. The annual homeowner's insurance is 0.8% of the cost of the house. The monthly PMI is $58 Your other long-term debts require payments of $960 per month If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 28% rule and the 36% rule simultaneously