Eldon Hudspeth estimates that the cost of taxes, insurance, and maintenance on a home he bought is $4,980 a year. His other yearly costs would be $12,760 in mortgage loan payments, $3,000in closing costs, and adown payment of $10,000. What are his total expenses for the first year?13.Eldon could have rented a similar home for $1,400 a month and had annual expenses of $302 for insurance and $2,760 for utilities. The security deposit on the rented home would have been $500. What would his expenses be to rent this home?