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?