PLEASE SHOW ALL CALCULATIONS.

B D E F G H 1 J K 1 Is better to rent or buy a condo? Use the information below to figure it out. rent is 3000 per month includes parking, no utilites can buy similar condo for condo fees of property tax repair and maintenance downpayment closing costs if sell condo in next 2 to 10 years mortgage rate 620000 likely sell after 5 to 10 years 500 monthly 300 monthly 600 yearly (convert to monthly) 20% of purchase price 2000 5% of selling price to realtor plus 2000 in closing costs 4% APR, 25 year mortgage with monthly compounding 496000 60 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Figure out the: 1. Down payment 2. mortgage payment 3. Total monthly cost of buying condo mortgage condo fees of property tax repairs/maint