CHEAPER THAN RENTING: Buying a home just saved a client $362 per month compared to renting! I had a closing last week on a new 4 bedroom, 3 bath home in Wesley Chapel where the buyer's monthly payment was $1588 for a $280,000 home (plus the $50 per month HOA fee). Similar homes in the neighborhood lease for $2000 per month. The interest rate was just 2.875%. The buyer used a VA loan to finance 100% of the purchase price. And because I am in the builder's VIP program, they builder paid extra toward the buyer's closing costs. If you are still renting, we need to talk.