Problem 9-1 Comparing Renting and Buying (L09-2) $8,120 ($9,611 Rental Costs Annual rent Insurance Security deposit is $9,800 interest) 1.360 Buying Costs Annual mortgage payments Property taxes Asurance/saintenance Down payment/closing costs Growth in equity Estimated annual appreciation 2,500 1,780 4.500 2,000 Assume an after-tax savings interest rate of 4 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