Horry County Conventional Mortgage Calculator

For Horry County conventional buyers, the 27.54% average down payment and 72.46% loan-to-value (LTV) ratio indicate strong equity and credit profiles. This high down payment typically eliminates the need for private mortgage insurance (PMI), as buyers already exceed the 20% equity threshold. With a 6.899% average rate on a $431,972.82 property, the effective 0.38% property tax rate keeps monthly costs low, though the recent 4.2% inflation-adjusted tax increase adds modest pressure. These figures, reflecting 100% owner-occupied purchases, confirm a low-risk market where conventional loan terms favor well-qualified buyers.