If you decide to buy, you will have added costs and responsibilities.
1. The cost of Home Owners Insurance, mine $60 per month.
2. Water/Sewer/Garbage another $60 per month.
3. Property Taxes, mine $200 per month.
4. You will have interest charges on your loan amount, mine $1140 per month.
None of the above costs reduce the Principle amount I owe on the Home.
Plus, anything breaks down, its your financial responsibility.
The above costs add up to $1460 per month. With ZERO, going toward reducing the Principle amount I owe.
How much is your current rent in Sacramento?
Try this, from your income take $1460 every month. Pay rent and put the rest in the bank for 1 year. If in that 1 year you never touched the money in the bank, that ca be a good sign.