I have been a homeowner for over 30 years, and I have been thinking about the rent vs. buy decision. Typically, the question being addressed is can the buyer afford the mortage payments. Here is another way to consider the issue. First, your costs of home ownership include not only the property taxes but also maintenance and insurance. I have a house that is close in value to the one that you are considering. I estimate that I spend about $4,000 per year on average (20 year history in the current house) for things like roof replacement, painting, water heater, furnace etc and $1,500 for homeowners insurance. Assuming comparable costs for your house, the annual average cost of ownership would be about $14,400 compared to rent of $22,800.
Now you borrow $395,000 plus a $100,000 down payment to buy the house. Over the long term, the house is likely to appreciate at the rate of inflation, say about 2%. You can borrow today at 4.25%, and you should be able to earn at least 5% on the $100,000 if it was invested in a Mustachian portfolio of stock and bond funds. Thus, you are paying 4-5% (average of direct borrowing cost and foregone income) to acquire an asset that will return about 2%, so add another $15,000 to the annual cost of home ownership.
Unless you get lucky and the house appreciates faster, buying the house over renting will result in a longer time horizon to achieve FI even if you can afford the payments.