A family home is a huge investment, not only financially but also in terms of lifestyle and community.
Rent vs Own ?
A 1800 sq ft house in Port Tampa rents for $ 1,800.00
You can buy the same house for $ 270,000 and live in it for less:
Monthly Mortgage $1,261.83
Flood insurance $32.08
Property tax $394.96
Homeowner Ins $50.00
Total monthly cost $1,738.87
If you own however $ 360.00 of the mortgage payment goes to pay down the mortgage principal.
The mortgage payments are tax deductible so you also save a percentage of them depending on your tax rate.