Use the "Excel: Renting vs Buying" template located under "Week 6. Borrowing (Mar 11)".

Imagine the following assumptions:

Mortgage:

• 60m2; price per m2 is 3500; downpayment is 20%; mortgage is is for 20 years; fixed interest rate is 2%; base interest rate is 3%

Renting:

• 60m2; price per m2 is 20; 

Other assumptions:

• Returns on stocks is 5%
• Returns on real estate is -1%
• Saving rate is 50%; if the rent payment is greater than the mortgage payment, there is nothing to save, so make savings equal to 0

Select all that is correct.