EXHIBIT 5.9	A Table of Monthly Mortgage Payments (Monthly Payments Necessary to Repay a $10,000 Loan)
The monthly loan payments on a mortgage vary not only by the amount of the loan, but also by the rate of interest and loan maturity.

	LOAN MATURITY
Rate of Interest	10 Years	15 Years	20 Years	25 Years	30 Years
5.0%	$106.07	$79.08	$66.00	$58.46	$53.68
5.5	108.53	81.71	68.79	61.41	56.79
6.0	111.02	84.39	71.64	64.43	59.96
6.5	113.55	87.11	74.56	67.52	63.21
7.0	116.11	89.88	77.53	70.68	66.53
7.5	118.71	92.71	80.56	73.90	69.93
8.0	121.33	95.57	83.65	77.19	73.38
8.5	123.99	98.48	86.79	80.53	76.90
9.0	126.68	101.43	89.98	83.92	80.47
9.5	129.40	104.43	93.22	87.37	84.09
10.0	132.16	107.47	96.51	90.88	87.76
10.5	134.94	110.54	99.84	94.42	91.48
11.0	137.76	113.66	103.22	98.02	95.24
Note: To use: (1) Divide amount of the loan by $10,000, (2) find the loan payment amount in the table for the specific interest rate and maturity, and (3) multiply the amount from Step 1 by the amount from Step 2.

Denise Green is currently renting an apartment for $600 per month and paying $250 annually for renter's insurance. She just found a small townhouse she can buy for $175,000. She has enough cash for a $10,000 down payment and $4,000 in closing costs. Denise estimated the following costs as a percentage of the home's price: property taxes, 2.5 percent; homeowner's insurance, 0.5 percent; and maintenance, 0.7 percent. She is in the 25 percent tax bracket. Using Worksheet 5.2, calculate the cost of each alternative and recommend the least costly option - rent or buy - for Denise. Assume Denise's security deposit is equal to one month's rent of $600. Also assume a 4% after tax rate return on her savings, a 3% annual appreciation in home price, and a 6% mortgage interest rate for 30 years

Cost of buying? Round the answer to to the nearest dollar.