Less to own than to rent. Projections based 3% appreciation, $350,000 sales price with 10% down payment and a 305%, 30-year mortgage.
|-0-||Est. Monthly Maintenance||$300|
|$2,500||Net Cost of Housing||$1,178|
The payment could easily be less than the rent for a comparable home but factoring in the principal reduction and appreciation makes it much less.