Rent vs Buy Results
You Should Continue to Rent!
It looks like you should Continue to Rent based on the assumptions you have given us.
Why? If you buy for $0 (the maximum you would qualify for) you will pay down your mortgage of $0 by $0 over year(s) with your Principal and Interest payments of $0 per month, plus your property will increase in value by $0 for a total investment growth of $0.
This total is less than your total investment growth from renting, which is approximately $0 after year(s). This was calculated by growing the monthly savings from renting ($0) plus your current downpayment of $0 at a standard after-tax rate of 4% per annum.