I want to know the whole process of calculation.

A condo is currently valued at $150,000. The financing terms if the condo is purchased, are: LTV = 0.8, loan term = 30 years, interest rate = 6%, monthly payments. If the condo is purchased, it is subject to immediate closing costs of $5,000. Stock market expects to return 5% per year. What is the profit of buying versus renting in year 2 assuming annual increase in condo's value of 3% and broker's commission at sale of 4%? Ignore monthly rent, property taxes and condo association fee. Selected Answer: A. Below-6,000 D. Between -3.000 and -1,500 Correct