Calculate Your South Carolina Mortgage Payment
Our calculator is pre-filled with South Carolina's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with SC DefaultsMonthly Payment Breakdown for South Carolina
Here's what your monthly payment looks like on the median South Carolina home ($381,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($76,200), no PMI. With less than 20% down, add $127-$254/month for PMI.
South Carolina Property Taxes
South Carolina's effective property tax rate is 0.46%, which is below the national average of 0.89%.
Annual Property Tax on $381,000 Home
$1,753
($146/month escrowed)
Buying a Home in South Carolina: Key Facts
- Property tax rate of 0.46% is among the lowest in the nation
- Nearly half the 0.89% national average property tax rate
- SC Housing helped a record 1,992 first-time buyers in Fiscal Year 2025
- Palmetto Heroes 2025 fully expended in 6 weeks, helping 331 home loans
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
South Carolina First-Time Homebuyer Programs
South Carolina has 35 homebuyer assistance programs that can help with down payment and closing costs.
SC Housing Palmetto Heroes
$10,000 forgivable DPA for teachers, nurses, law enforcement, veterans
Forgivable LoanSC Housing Homebuyer Program
Forgivable DPA at 0% interest, forgiven after 15 years
Forgivable LoanMade It Home! Program
$25,000 forgivable DPA for affordable new construction under $200,000
Forgivable LoanEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in South Carolina
Home prices and property taxes can vary significantly by city. The median home price of $381,000 is a statewide average.
South Carolina Mortgage FAQ
What is the property tax rate in South Carolina?
The average effective property tax rate in South Carolina is 0.46%. On a $381,000 home, that's approximately $1,753 per year or $146 per month added to your mortgage payment.
What is the median home price in South Carolina?
The median home price in South Carolina is $381,000 as of January 2026. Prices vary by location - Charleston and Columbia typically have higher prices than rural areas.
Are there first-time homebuyer programs in South Carolina?
Yes, South Carolina has 35 homebuyer assistance programs. Popular options include SC Housing Palmetto Heroes, which offers $10,000 forgivable dpa for teachers, nurses, law enforcement, veterans.
How much do I need to buy a house in South Carolina?
For the median South Carolina home ($381,000), you'd need $76,200 for a 20% down payment, plus $11,430-$19,050 for closing costs. With down payment assistance, you could potentially buy with as little as $13,335 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with South Carolina property taxes pre-filled.
Calculate Your SC Mortgage Payment