Rosa Ramirez is currently renting an apartment for $950 per month and paying $215 annually for renters insurance. She also has $950 security deposit for the rental. She just found a small townhouse she can buy for $215,000. She has enough cash for a 20% down payment and $4,500 in closing costs. Her bank is offering 30-year mortgage at 4.8% APR. Rosa estimated the following costs as a percentage of the homes price: property taxes, 2.5%; homeowners insurance, 0.5%; and maintenance, 0.7%. She is in the 25% tax bracket and has an after-tax rate of return on invested funds of 4%. She expects that the value of townhouse will appreciate 2% annually. Calculate the cost of each alternative and recommend the less costly option-rent or buy-for Rosa.