Rental costs Annual rent Insurance Security deposit $7,620 219 868 Buying Costs Annual mortgage payments Property taxes Insurance/maintenance Down payment/closing costs Growth in equity Estimated annual appreciation $10,320 ($9,622 is interest) 2,650 1,888 4, 5ee 698 1) 80 Assume an after-tax savings Interest rate of 6 percent and a tax rate of 28 percent (a) Calculate the total rental cost and total buying cost. (Round your Intermediate calculations and final answers to the nearest whole number.) Total Cost Rental cost Buying cost . (b) Based on the cost criteria, would you recommend buying or renting Buying Renting 16 Next >
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