Mortgage Calculator in South Carolina

South Carolina's housing market has attracted significant in-migration from higher-cost states, pushing the median home price to $398,000 — up sharply from where it stood just a few years ago. One of the state's most compelling features for homeowners is a property tax rate of just 0.57%, among the lowest in the country. On a $398,000 home, that means annual property taxes of roughly $2,269 — a fraction of what buyers pay in neighboring North Carolina or most northeastern states. Closing costs average 1.4% of the purchase price, adding about $5,572 upfront on a median-priced home. First-time buyers can access the SC Housing Conventional program for competitive rates and the SC DPA Program for down payment support. A standard 10% down payment equals $39,800 in cash. The combination of low property taxes and low closing costs makes the long-term economics of South Carolina homeownership among the most favorable in the Southeast. The mortgage calculator shows you exactly what those low carrying costs mean for your total monthly housing expense over 15 or 30 years.