I am trying to figure out if we should rent or buy.
Buying
I live in an expensive area so a house would cost me about 350K. I don't have a full down payment to buy one but we could get a VA loan without PMI. Taxes would run about 3K a year. Fees $3K I guess. Inspection 500. Maintenance estimating 3K a year.
I will only live here for two years. After the two years if I sell. If the house sells at the exact same price. I will lose... interest 21448.80, Taxes 6K Fees for buying and selling, 6K Inspection 500, Maintenance 6K. Total 39948.80
Renting
2150 plus repair deductible (100 per repair estimating 5 repairs per year) 1K. Total 52600
I could squash my family into a small townhouse but in addition to a small house my kids wouldn't have a backyard to play in. 1700 a month totaling $41800
Should I rent or buy?