(NewsNation) — With mortgage rates falling, monthly home payments are now less expensive than rent in nearly half of the nation’s largest metros, according to a new analysis.

Zillow found that it’s cheaper to buy than rent in 22 of the 50 largest U.S. metros, with homeowners in some cities saving over $400 a month.

In New Orleans, buyers can save nearly $450 a month paying a mortgage rather than renting — the best margin of any major metro.

Source: Mortgage payments are now lower than rent in 22 US cities