Mortgage Calculator — South Carolina
Pre-filled with South Carolina's average home price of $295000, property tax rate of 0.6%, and average insurance of $2100/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (South Carolina averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
—
Enter your loan details to see your payment
Total Interest Paid
—
Over loan lifetime
Total Cost
—
Principal + interest
Loan Amount
—
Amount financed
Down Payment
—
Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
|---|---|---|
| Enter loan details above to see rate scenarios | ||
Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
|---|
South Carolina Housing Market
South Carolina has low property taxes and a growing economy. Charleston has emerged as one of the Southeast's premier markets, with rapidly rising prices driven by tourism, finance, and in-migration from the Northeast.
Affordability in South Carolina
Charleston's median home price now exceeds $400,000, while Columbia and Greenville remain significantly more accessible. The Upstate region around Greenville-Spartanburg offers solid value with strong manufacturing and distribution job bases.
Key Markets
First-Time Buyer Programs in South Carolina
SC Housing Homebuyer Program
Fixed-rate first mortgage for first-time buyers (and repeat buyers in targeted counties), with income and price limits.
Palmetto Heroes
Discounted rate and down payment help for teachers, first responders, nurses and veterans.
SC Housing DPA
Forgivable down payment assistance paired with an SC Housing first mortgage.
Programs are run by the SC Housing. Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in South Carolina
Owner-occupied homes are assessed at 4% of market value, compared with 6% for second homes and rentals, so living in the home you buy sharply lowers the bill. Make sure you file for the legal-residence rate. At South Carolina's average effective rate of 0.6%, a $295,000 home pays roughly $1,770/year (about $148/month).
South Carolina Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in South Carolina
South Carolina's deed recording fee is $3.70 per $1,000 of price ($2.60 state plus $1.10 county) and is customarily paid by the seller. Closings are handled by attorneys, so buyers pay attorney fees.
Mortgage Calculator by State