Calculate your monthly mortgage payment in South Carolina. Pre-filled with South Carolina's median home price of $295,000 and an average property tax rate of 0.57%.
Est. Monthly Payment
$2,001
Principal & Interest
$1,738
Property Tax / mo
$140
Total Interest Paid
$360,159
| Home Price | $295,000 | Median home price in South Carolina (2025) |
| Down Payment | 10% ($29,500) | Typical down payment percentage |
| Loan Amount | $265,500 | Home price minus down payment |
| Interest Rate | 6.84% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.57% / year | South Carolina average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
SC Housing Palmetto Home Advantage, MCC
Cost of living: Moderate · Population: 5,118,425
South Carolina has a median home price of approximately $295,000, placing it below the national median. With a 10% down payment of $29,500, a typical buyer would finance $265,500 over 30 years. At a 6.84% fixed rate, the monthly principal and interest payment comes to $1,738.
Property taxes in South Carolina average 0.57% of the assessed home value annually — one of the lower rates in the country. Combined with an estimated $123 for homeowners insurance, your all-in monthly housing cost is approximately $2,001.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $85,755 to qualify comfortably. The median household income in South Carolina is $54,864.
