WORKSHEET 5.2 Rent-or-Buy Cost Comparison rental -of buying ore nt-crouy decision, you should rent down payment and a $120,000, 6 percent the total cost of rertrg s less than th option requires monthly payment the total cost of buying of SB50. The purchase option is a$150,000 condo, financed with a $30,000 In this example, the 30-year mortgage, with additional closing costs of $4,500 RENT-OR-BUY ANALYSIS A. COST OF RENTING 1. Annuat rental costs (12 monthly rental rate of ALSO) 2. Renter's insurance t 10300 3. Opportunity cost of security deposit >