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Rental Costs Annual rent Insurance Security deposit Buying costs $9, 800 interest) ($9,575 is $7,380...

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Rental Costs Annual rent Insurance Security deposit Buying costs $9, 800 interest) ($9,575 is $7,380 Annual mortgage payments 145 Property taxes 650 Insurance/maintenance 1, 780 1, 050 4, 500 Down payment/closing costs Growth in equity Estimated annual appreciation 225 1,700 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

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