South Carolina Mortgage Calculator 2026
South Carolina offers affordable home prices and low property taxes (0.57%), making it one of the more cost-effective states for homeownership. Charleston has emerged as one of the most desirable cities in the Southeast, while Greenville has seen strong growth driven by manufacturing and tech.
Calculate Your South Carolina Mortgage Payment
Pre-filled with South Carolina averages — adjust any value to match your situation.
= $58,000 down
Estimated Monthly Payment Breakdown
Based on $290,000 home price, 20% down, 30-year fixed at 7.25%.
South Carolina Property Taxes & Income Tax
South Carolina's 0.57% property tax rate is well below the national average. The state offers a 4% assessment ratio for owner-occupied primary residences (vs. 6% for investment properties), significantly reducing the tax bill. South Carolina's income tax tops out at 6.5%.
South Carolina Homeowners Insurance
South Carolina's coastal areas (Charleston, Myrtle Beach, Hilton Head) face significant hurricane and flood risk, with annual premiums of $2,500–$6,000+. Inland areas have more moderate rates. Budget $150–$250+/month depending on location.
South Carolina Housing Market Overview
Charleston has become one of the most desirable cities in the Southeast, with strong demand from retirees, remote workers, and corporate relocations. Greenville has seen strong growth driven by BMW, Michelin, and a growing tech sector. Columbia (University of South Carolina) has a stable university-driven market. Much of rural South Carolina qualifies for USDA loans.
Frequently Asked Questions
What is the average mortgage payment in South Carolina?
Based on South Carolina's median home price of $290,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $1,903/month.
What is the conforming loan limit in South Carolina?
The conforming loan limit in South Carolina is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in South Carolina?
Yes — South Carolina has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in South Carolina?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in South Carolina with no down payment and no PMI. The VA loan limit in South Carolina is $766,550.
South Carolina Loan Limits
South Carolina Homebuyer Programs
Below-market interest rate mortgages with optional down payment assistance for qualifying first-time homebuyers in South Carolina.
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