Well
Posts are comparing 3 different systems.
OP asked about recirculating system, which is totally different than a tankless water heater.
Recirculators install on existing water heaters that HAVE a tank. They simply allow water that has run up to the faucets and turned cold, to drain back to the tank, and get replaced by warm water. There is virtually no added cost, as your hot water heater tank is being heated 24/7 anyway.
A tankless system is awesome, as you are heating only the water that you need on demand, not keeping 40-50 gallons hot all day and night. These have come WAY down in price, about $600 plus install.
The 3rd, is a "point of use" heater installed under sink cabinet....pretty costly for what it is.
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