Rental Costs Annual rent Buying Costs Annual mortgage payments $7,380 $9,899 ($9,575 is Insurance Security deposit 145 650 Property taxes Insurance/maintenance Down payment/closing costs Growth in equity Estimated annual appreciation "interest) 1,780 1,050 4,500 225 1,700 Assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent. eBook (a) Calculate the total rental cost and total buying cost. (Round your intermediate calculations whole number.) Hint Ask References Total Cost Rental cost Buying cost (b) Would you recommend buying or renting? Buying Renting