RateHerald

No link on RateHerald pays us today. When some do, they'll say so, and they'll never change a ranking. How we make money

South Carolina Mortgage Calculator

Your monthly mortgage payment in South Carolina, with South Carolina's effective property tax rate (0.48%) built in, at this week's average rate. The calculator starts at the state's median home value, $259,000.

A $259,000 home with 20% down ($207,200 borrowed) at 7.28% over 30 years costs about $1,689 a month: $1,418 principal and interest plus $271 of tax, insurance and dues.

Monthly payment
$1,688.60
Principal and interest
$1,417.69
Tax, insurance, PMI and HOA
$270.91
Total interest over the loan
$303,168
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $207,200 at 7.28%
YearInterestPrincipalBalance
1$15,018.51$1,993.75$205,206.25
2$14,868.42$2,143.83$203,062.42
3$14,707.03$2,305.22$200,757.20
4$14,533.50$2,478.75$198,278.44
5$14,346.90$2,665.35$195,613.09
6$14,146.26$2,866.00$192,747.10
7$13,930.51$3,081.75$189,665.35
8$13,698.52$3,313.74$186,351.61
9$13,449.06$3,563.19$182,788.42
10$13,180.83$3,831.42$178,957.00
11$12,892.41$4,119.85$174,837.15
12$12,582.27$4,429.99$170,407.16
13$12,248.78$4,763.47$165,643.69
14$11,890.19$5,122.06$160,521.63
15$11,504.61$5,507.64$155,013.99
16$11,090.00$5,922.25$149,091.74
17$10,644.18$6,368.07$142,723.67
18$10,164.80$6,847.45$135,876.21
19$9,649.33$7,362.92$128,513.29
20$9,095.06$7,917.20$120,596.09
21$8,499.06$8,513.19$112,082.90
22$7,858.20$9,154.06$102,928.84
23$7,169.09$9,843.16$93,085.68
24$6,428.11$10,584.15$82,501.53
25$5,631.34$11,380.91$71,120.62
26$4,774.60$12,237.65$58,882.97
27$3,853.37$13,158.89$45,724.08
28$2,862.78$14,149.48$31,574.61
29$1,797.62$15,214.63$16,359.97
30$652.28$16,359.97$0.00

This week's mortgage rates →

Monthly payment in South Carolina by home price (20% down, 7%, 30 years, 0.48% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$130,000$692$52$911
$190,000$1,011$76$1,254
$260,000$1,384$105$1,655
$390,000$2,076$157$2,399
$520,000$2,768$209$3,144

How this calculator works

As the mortgage calculator, with South Carolina's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $1,251 ÷ median value $259,000.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in South Carolina?

On $259,000 with 20% down at 7% over 30 years: about $1,379 principal and interest and $104 of property tax, $1,649 a month with $2,000 a year of insurance.

What is the median home value in South Carolina?

$259,000 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in South Carolina?

The effective rate is 0.48%, a median $1,251 a year. See South Carolina's property tax page for every county we cover.

How much income do I need for a median South Carolina home?

Under the 28% guideline, about $70,689 a year for the payment above; South Carolina's median household income is $69,324.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • South Carolina Property Tax CalculatorSouth Carolina homeowners pay a median $1,251 a year in property tax, 0.48% of a median $259,000 home: the 46th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.