I can send you a comparison to show you the benefits of buying versus renting if you plan to stay in the same home for several years.
I have two condos for sale in a gated complex for people aged 55 and over. It is the best kept secret in Oklahoma City. For under $74,000, you can live in a 2 bed, 2 bath condo with a pool.
The home owners association fee covers electricity, gas, water, sewage, trash, exterior maintenance and insurance, grounds and pool maintenance, and pest control. Also, if your heat / air unit goes out or needs repair, the HOA covers it.
With $50,000 down, your payment would be under $700 even with the HOA fee. It would be a good idea to talk with a financial planner to determine how much to put down so that you have a buffer zone for any emergencies. Contact me and I can give you estimates of how much down you would need to invest if you were to buy a condo or a home and still keep your payment under $700..
Please let me know if you are interested in learning more about these condos or looking at estimates of payments based on purchase price, down payment, & interest rate..
Good luck with your move to OKC.