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Paying cash for a condo vs. taking out mortgage for a house?

Hey all, I’m single in my late 20s working in healthcare. I’m planning on purchasing a place to live next year instead of keep throwing my money into rent.

I have the option of either paying cash for a condo; or taking out a 80k-100k mortgage after down payment on a house.

With the condo I’m looking at an HOA fee anywhere between 150-200/mo thus puts my monthly obligations to around 320-400 dollars with property tax and insurance.

With a house I’m looking at paying 1000 to 1200 per month after mortgage payment, tax and insurance. I’m also pretty handy myself so I could do minor repairs if need be.

Which would be the better option? I like the idea of owning a house but I’m not sure if I’d be better off to just own something outright vs taking out a mortgage with the high interest rate and the possible upcoming recession.. thanks!

Edit: To add some reference points, the rent in my current market for a comparable 2 bedroom apartment is around 1250-1500/mo.

submitted by /u/Not_so_much_85
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source https://www.reddit.com/r/RealEstate/comments/173mftv/paying_cash_for_a_condo_vs_taking_out_mortgage/
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