If Jaxon chooses to buy, his expenses will be: Mortgage payments: $1,145⋅12=$13,740 HOA fees: $200⋅12=$2,400 Property taxes: $3,750 Homeowners insurance: $1,200 Maintenance costs: $500 Closing costs: $9,000 How much does Jaxon save in the first year by choosing to rent instead of buy, excluding potential property value appreciation?