South Carolina Mortgage Calculator

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Estimates only. Not financial advice.

Financial Disclaimer: Estimates only. Not financial advice.

This calculator provides estimates for informational purposes only. Actual financial outcomes depend on market conditions, personal circumstances, and decisions. Not financial advice. Consult a certified financial planner before making financial decisions affecting your future.

Frequently Asked Questions

How much is a mortgage on a $295,000 South Carolina home?

With 20% down at 6.5% over 30 years, principal and interest run about $1,492/month, before South Carolina's 0.56% property tax and insurance.

What is the property tax rate in South Carolina?

South Carolina's effective property tax rate is about 0.56% of home value per year.

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What drives a South Carolina mortgage payment

On the $295,000 median home with 20% down ($59,000), you'd finance about $236,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,492/month.

South Carolina's 0.56% effective property tax adds about $138/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.

About taxes and housing in South Carolina

South Carolina levies a graduated income tax with a top marginal rate just above 6%.

South Carolina has one of the lowest effective property tax rates in the country, near 0.56%, with median home values around $295,000.

South Carolina's economy features automotive and aerospace manufacturing, port logistics in Charleston, and coastal tourism.

South Carolina Mortgage Calculator

Frequently Asked Questions

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