You Should Continue to Rent!
It looks like you should Continue to Rent based on the assumptions you have given us.
Why? If you buy for $619,668.57 (the maximum you would qualify for) you will pay down your mortgage of $617,668.57 by $2,462.91 over 2 year(s) with your Principal and Interest payments of $9,975 per month, plus your property will increase in value by $25,034.61 for a total investment growth of $27,497.52.
This total is less than your total investment growth from renting, which is approximately $65,059.2 after 2 year(s). This was calculated by growing the monthly savings from renting ($5,000) plus your current downpayment of $2,000 at a standard after-tax rate of 4% per annum.
Calculations can vary by up to 10% on property type, interest rate type, and down payment amount
Contact your mortgage professional today to get an accurate estimate