Skip to content
Calculators ▾

South Carolina mortgage calculator

Pre-filled for South Carolina: the median home value ($300,000) and the state's effective property tax rate of 0.45%. Change anything to match your home.

Home price
Down payment$60,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$1,779.46

Loan $240,000 · 20% down

  • Principal & interest$1,516.96
  • Property tax$112.50
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$306,109
Total cost
$640,609
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 2,683, Interest 15,52112: Principal 2,862, Interest 15,3413: Principal 3,054, Interest 15,1504: Principal 3,258, Interest 14,94545: Principal 3,477, Interest 14,7276: Principal 3,709, Interest 14,4947: Principal 3,958, Interest 14,2468: Principal 4,223, Interest 13,98189: Principal 4,506, Interest 13,69810: Principal 4,807, Interest 13,39611: Principal 5,129, Interest 13,07412: Principal 5,473, Interest 12,7311213: Principal 5,840, Interest 12,36414: Principal 6,231, Interest 11,97315: Principal 6,648, Interest 11,55616: Principal 7,093, Interest 11,1101617: Principal 7,568, Interest 10,63518: Principal 8,075, Interest 10,12919: Principal 8,616, Interest 9,58820: Principal 9,193, Interest 9,0112021: Principal 9,808, Interest 8,39522: Principal 10,465, Interest 7,73823: Principal 11,166, Interest 7,03724: Principal 11,914, Interest 6,2902425: Principal 12,712, Interest 5,49226: Principal 13,563, Interest 4,64027: Principal 14,472, Interest 3,73228: Principal 15,441, Interest 2,7632829: Principal 16,475, Interest 1,72930: Principal 17,582, Interest 62530
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$2,683$15,521$237,318
2$2,862$15,341$234,455
3$3,054$15,150$231,402
4$3,258$14,945$228,143
5$3,477$14,727$224,667
Monthly payment$1,779.46

Ask Numlight

Ask in plain English. Every number comes from our tested calculators.

Educational only, not financial advice. Your question is processed by our AI provider; please don't include personal details.

South Carolina at a glance

Effective property tax
0.45%
Rank (1 = highest)
47th of 51
Median home value
$299,500
Median tax bill
$1,337/yr

On the same $400,000 home, property tax in South Carolina adds about $150.00/month, versus $296.67/month at the national rate.

South Carolina mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$150,000$758.48$56.25$964.73
$225,000$1,137.72$84.38$1,372.10
$300,000(median)$1,516.96$112.50$1,779.46
$450,000$2,275.44$168.75$2,594.19
$600,000$3,033.93$225.00$3,408.93

20% down, 6.5% 30-year fixed (example rate), 0.45% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in South Carolina.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • South Carolina figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in South Carolina?+

The effective property tax rate in South Carolina is about 0.45% of home value a year (median taxes paid $1,337 on a median home worth $299,500). That's the 47th highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in South Carolina?+

For a $300,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $1,779.46 a month, including $112.50 of property tax and $150.00 of insurance.

How much income do I need to buy a home in South Carolina?+

To afford the median South Carolina home ($300,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $90,000 a year in gross income at a 6.5% rate.

Related calculators

Home affordability calculatorHow much house can I afford? Mortgage payoff calculatorHow much sooner can I pay off my mortgage? Mortgage refinance calculatorShould I refinance my mortgage? VA loan calculatorVA loan payment with the funding fee FHA loan calculatorFHA loan payment with mortgage insurance Conventional loan & PMI calculatorWhen will my PMI go away?

Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.