Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$1,674.56The answer

Monthly payment

$1,674.56

A $259,000 home with 20% down ($207,200 borrowed) at 7.18% over 30 years costs about $1,675 a month: $1,404 principal and interest plus $271 of tax, insurance and dues.

Principal and interest: $1,403.64
Tax, insurance, PMI and HOA: $270.91
Total interest over the loan: $298,112

Amortization by year: $207,200 at 7.18%

Year	Interest	Principal	Balance
1	$14,810.93	$2,032.81	$205,167.19
2	$14,660.07	$2,183.67	$202,983.52
3	$14,498.02	$2,345.72	$200,637.80
4	$14,323.94	$2,519.80	$198,118.01
5	$14,136.95	$2,706.79	$195,411.21
6	$13,936.08	$2,907.66	$192,503.55
7	$13,720.30	$3,123.44	$189,380.11
8	$13,488.50	$3,355.24	$186,024.87
9	$13,239.51	$3,604.23	$182,420.64
10	$12,972.04	$3,871.70	$178,548.94
11	$12,684.72	$4,159.02	$174,389.91
12	$12,376.07	$4,467.67	$169,922.25
13	$12,044.52	$4,799.22	$165,123.03
14	$11,688.37	$5,155.37	$159,967.66
15	$11,305.79	$5,537.95	$154,429.71
16	$10,894.81	$5,948.93	$148,480.79
17	$10,453.34	$6,390.40	$142,090.39
18	$9,979.11	$6,864.63	$135,225.76
19	$9,469.68	$7,374.06	$127,851.69
20	$8,922.44	$7,921.30	$119,930.40
21	$8,334.60	$8,509.14	$111,421.26
22	$7,703.13	$9,140.61	$102,280.65
23	$7,024.80	$9,818.94	$92,461.71
24	$6,296.13	$10,547.61	$81,914.10
25	$5,513.39	$11,330.35	$70,583.75
26	$4,672.56	$12,171.18	$58,412.57
27	$3,769.33	$13,074.41	$45,338.16
28	$2,799.07	$14,044.67	$31,293.48
29	$1,756.80	$15,086.94	$16,206.55
30	$637.19	$16,206.55	$0.00

Download the schedule (CSV)

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 price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.