Abbeville County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Abbeville County, South Carolina based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Abbeville County, SC Benchmarks

FHA averages

Typical Property Value$232,604

Average Down Payment10.9%

Average Interest Rate6.310%

Effective Tax Rate0.42%

Median Tax Paid$782/yr

Tax Growth (Historical)+5.8%

Based on 96 regional loans totaling $19,360,000 (HMDA database).

Home Price

Down Payment

$25,354 down · $207,250 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$81 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$88 / month

Estimated Monthly Payment

$1,626/mo

Principal & Interest$1,307
Property Tax$81
Home Insurance$150
FHA MIP$88

Amortization · Remaining Balance

Financed Loan Amount

$210,877

Total Interest

$259,516

Total of Payments

$470,393

*Includes financed FHA Upfront MIP of $3,627

Local Market Insights

Abbeville County FHA Mortgage Overview

For Abbeville County homebuyers, the 10.91% average down payment on FHA loans offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity, ideal for those with sub-620 credit scores. With an 89.09% Loan-to-Value ratio, this reflects standard owner-occupied purchases. The effective property tax rate of 0.42% is low, yet the recent 5.8% inflation-adjusted tax change will slightly increase monthly affordability. When evaluating an FHA loan with PMI and taxes in Abbeville County, SC, or reviewing Abbeville County FHA loan limits and tax impacts, this data provides a clear baseline for long-term cost planning.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.