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Allendale County FHA Loan Calculator

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

Loan Details

Allendale County, SC Benchmarks

FHA averages
Typical Property Value$192,273
Average Down Payment14.8%
Average Interest Rate6.486%
Effective Tax Rate0.50%
Median Tax Paid$669/yr
Tax Growth (Historical)+19.7%
Based on 11 regional loans totaling $1,675,000 (HMDA database).
$
%

$28,456 down · $163,817 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$80 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,352/mo

  • Principal & Interest$1,052
  • Property Tax$80
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$166,683

Total Interest

$212,201

Total of Payments

$378,884

*Includes financed FHA Upfront MIP of $2,867

Local Market Insights

Allendale County FHA Mortgage Overview

For Allendale County homebuyers using an FHA loan, the 14.78% down payment and 85.22% LTV ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit scores. The 0.50% effective property tax rate is low, yet the 19.7% inflation-adjusted tax increase pressures monthly affordability. When evaluating an FHA loan with PMI and taxes in Allendale County, SC, note that the $192,272.73 average property value and 6.486% interest rate mean ongoing MIP costs persist regardless of equity. This data reflects owner-occupied purchases, not investments.

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.