South Carolina mortgage calculator

This mortgage calculator will help you estimate the costs of your mortgage loan. Get a clear breakdown of your potential mortgage payments with taxes and insurance included.
South Carolina housing market
South Carolina, the Palmetto State, has seen home prices rise by 7.9% in the last year, but South Carolina homes are still the 14th most affordable in the country. House expenses in South Carolina such as utilities and insurance are also quite reasonable at just under 19% of monthly income. While the state is known for the charm of Charleston and the vacation homes of Myrtle Beach, it is also known by some for is mythical lake monster, Messie, who resides in Lake Murray.

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Your monthly payment
30 year fixed loan term
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30-year fixed
Your Input
15-year fixed
30-year fixed
Total Monthly Payment$1,599$2,062$1,520
Mortgage Rate4.125%2.728%*3.548%*
Total interest paid$178,737$52,713$150,293
* Data source: ©Zillow, Inc. 2006 – 2022. Use is subject to the Terms of Use
See how your payments change over time for your 30-year fixed loan term
At year 0
30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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Principal & interest


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South Carolina mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate3.503%3.570%
20-year fixed-rate3.177%3.264%
15-year fixed-rate2.590%2.711%
10-year fixed-rate2.421%2.603%
7/1 ARM2.828%3.080%
5/1 ARM2.659%3.050%
30-year fixed-rate FHA4.568%5.453%
30-year fixed-rate VA2.952%3.246%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in South Carolina are 3.570% for a 30-year fixed, 2.711% for a 15-year fixed, and 3.050% for a 5/1 adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

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South Carolina's first-time home buyer programs

The South Carolina State Housing Finance and Development Authority, SC Housing, offers several loan programs to help qualified first-time home buyers get a mortgage.

Repayable down payment assistance

State program

Best for

Down payment assistance

Closing cost assistance

What you need to know

In conjunction with the loan programs made available by SC Housing, down payment and closing cost assistance is provided to qualified borrowers. For households earning above 80% of the median area income, repayable assistance up to $6,000 is available. The loan is a second mortgage with a 2%...

See full article

South Carolina's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in South Carolina.

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Average property tax in South Carolina counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in South Carolina. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Abbeville County0.58%$92,600
Aiken County0.48%$144,600
Allendale County0.44%$52,100
Anderson County0.59%$142,600
Bamberg County0.6%$65,800
Barnwell County0.54%$76,200
Beaufort County0.52%$305,300
Berkeley County0.55%$184,500
Calhoun County0.47%$103,900
Charleston County0.48%$330,300
Cherokee County0.44%$94,300
Chester County0.58%$88,900
Chesterfield County0.45%$81,200
Clarendon County0.55%$89,900
Colleton County0.58%$84,600
Darlington County0.44%$85,500
Dillon County0.42%$67,200
Dorchester County0.71%$203,900
Edgefield County0.5%$123,000
Fairfield County0.58%$101,100
Florence County0.46%$129,700
Georgetown County0.47%$178,600
Greenville County0.64%$182,300
Greenwood County0.63%$129,400
Hampton County0.86%$75,400
Horry County0.42%$176,400
Jasper County0.6%$130,700
Kershaw County0.47%$119,300
Lancaster County0.56%$187,700
Laurens County0.48%$87,000
Lee County0.63%$69,800
Lexington County0.54%$159,500
Marion County0.53%$75,800
Marlboro County0.51%$60,500
McCormick County0.57%$116,600
Newberry County0.59%$99,700
Oconee County0.45%$160,800
Orangeburg County0.59%$92,800
Pickens County0.51%$154,800
Richland County0.74%$168,200
Saluda County0.58%$93,100
Spartanburg County0.64%$136,500
Sumter County0.57%$123,500
Union County0.62%$75,600
Williamsburg County0.61%$68,400
York County0.62%$199,400

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

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The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

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If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: