The annual rent for an apartment is $$16,000$ with renters insurance of $$300$ and an opportunity cost on the security deposit of $$100.$ A home would carry annual mortgage payments of $$16,100$ property taxes of $$3000$ in homeowners insurance of $$1000.$ The estimated and annual cost of repairs and maintenance for the home is $$1500$ with an opportunity cost for the down payment and closing cost of $$750.$ You estimate that the growth and equity will be $$1500$ a year and the homo appreciate and value of buy about $2000$ per year. Because the interest and the property insurance are tax deductible $$5400$ of tax saving should be realized each year how much will it cost to own the house