6 Cities Where Mortgage Payments Are Now Higher Than Rent — by a Lot

For people in a position to buy, moving from renting to owning often feels like the natural next step. But monthly housing costs are climbing in many places, and mortgage payments are getting harder to manage. Even buyers who thought they could comfortably afford a home are seeing the numbers add up fast, especially in cities where prices are already high. Using mortgage payment data from Zoocasa and rental data from Zumper, GOBankingRates looked at cities where the average monthly mortgage exceeds the c ...