It’s cheaper to stay put
When you buy a home, you’ll typically pay between 2 and 5 percent in closing costs, according to Zillow. That means that if you buy a $150,000 home, you could shell out up to $7,500 for the privilege.
And those costs don’t include the price of moving your belongings halfway across the country. Plus, unless you are paying cash, you likely will need a mortgage loan. Rates on such loans fell to historic lows during the Great Recession, but they have crept up — and may continue to do so. That means your next loan could be more expensive than your current one.
