10 cities where mortgage payments are cheaper than rent via CNBCMakeIt
div > div.group > p:first-child"> If you're in that camp, there's some good news: Personal finance website LendingTree found that in many desirable U.S. cities — including Miami, Dallas, Denver and Las Vegas — the area's median monthly mortgage payment is less than the median monthly rent.
It's important to note that LendingTree's analysis did not take into account down payments, saving for which can be one of the biggest obstacles aspiring homeowners face. As CNBC reported based on a 2018 analysis by HotPads,"for the average renter buying the median-priced home in America, it will take about 6½ years to save for a 20 percent mortgage down payment."
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