Question 17 1 pts Suppose you take out a 30-year mortgage for a house that costs $436875. Assume the following: ⚫ The annual interest rate on the mortgage is 3.2%. ⚫ The bank requires a minimum down payment of 15% at the time of the loan. ⚫ The annual property tax is 1.7% of the cost of the house. • The annual homeowner's insurance is 0.8% 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. Question 18 1 pts Suppose you take out a 20-year mortgage for a house that costs $271066. Assume the following: The annual interest rate on the mortgage is 3%. ⚫The bank requires a minimum down payment of 16% at the time of the loan. The annual property tax is 2.5% of the cost of the house. The annual homeowner's insurance is 1.3% of the cost of the house. The monthly PMI is $75 • Your other long-term debts require payments of $979 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? Round your answer to the nearest dollar.