Having a hard time figuring out Total Buying Costs:

Return to question 1 The following data includes buying and rental costs. 10 points Rental Costs Annual rent Insurance Security deposit $ 8,212 $ 188 $ 850 Buying Costs Annual mortgage payments Property taxes Insurance/maintenance Down payment/closing costs Growth in equity in home (principal of mortgage paid) Estimated annual house value appreciation $ $ $ $ 10,540 ($9,656 is interest) 1,800 1,710 4,5ee $ 251 $ 2, ese picture Click here for the Excel Data File Assume an after-tax savings Interest rate of 5 percent. a. Calculate the total rental costs and total buying costs. (Round your intermediate calculations and final answers to the nearest dollar amounts. Omit the "$" sign in your response.) Total rental costs $ 8441 Total buying costs 8702 b. Would you recommend buying or renting? Buying Renting