i need help on the buying costs.

Based on the following data, would you recommend buying or renting?

RentalCosts Buying Costs
Annual rent	$	8,280	Annual mortgage payments	$	10,400	(10,025 is interest)
Insurance	$	235	Property taxes	$	2,140
Security deposit	$	1,550	Down payment/closing costs	$	5,100
			Growth in equity	$	375
			Insurance/maintenance	$	1,950
			Estimated annual appreciation	$	2,600

Assume an after-tax savings interest rate of 8 percent and a tax rate of 30 percent. Assume this individual has other tax deductions that exceed the standard deduction amount.

a.	Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)