Question: Hello, this is a practice problem for a class I'm struggling with. The professor isn't much help, I'd really appreciate if someone here can answer
Hello, this is a practice problem for a class I'm struggling with. The professor isn't much help, I'd really appreciate if someone here can answer this and break it down so I can follow the logic and see where I'm going wrong with these problems.

Brad and Sam take a 30-year mortgage for a house that costs $261,003. Assume the following: . The annual interest rate on the mortgage is 4.8%. . The bank requires a minimum down payment of 11% of the cost of the house. . The annual property tax is 1.6% of the cost of the house. . The annual homeowner's insurance is $835. . There is no PMI. If they make the minimum down payment, what will their monthly PITI be? Round your answer to the nearest dollar
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