The Bainter family is moving to a new town and needs a place to live. The Bainters are considering renting or purchasing a home and have found a suitable option for each option. The home for sale is listed at $150,000.00. They have $30,000.00 for a down payment and are qualified for a fixed rate 30 -year mortgage with an annual interest rate of 4.2%. The rental home is currently $900.00 per month, with rent expected to increase approximately $75.00 every 4 years. What is the total first-year cost when purchasing the home?