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Charleston County FHA Loan Calculator

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

Loan Details

Charleston County, SC Benchmarks

FHA averages
Typical Property Value$429,968
Average Down Payment13.5%
Average Interest Rate5.920%
Effective Tax Rate0.40%
Median Tax Paid$1,901/yr
Tax Growth (Historical)-1.1%
Based on 1,082 regional loans totaling $383,260,000 (HMDA database).
$
%

$58,046 down · $371,922 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$143 / month

$

Annual premium

$

Per month

%

$158 / month

Estimated Monthly Payment

$2,700/mo

  • Principal & Interest$2,249
  • Property Tax$143
  • Home Insurance$150
  • FHA MIP$158
Amortization · Remaining Balance

Financed Loan Amount

$378,431

Total Interest

$431,374

Total of Payments

$809,805

*Includes financed FHA Upfront MIP of $6,509

Local Market Insights

Charleston County FHA Mortgage Overview

For Charleston County homebuyers using an FHA loan, the 13.50% down payment offers accessible entry but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. With an 86.50% LTV ratio and 100% primary occupancy, this reflects standard buyers. The 0.40% effective property tax rate, paired with a -1.1% inflation-adjusted tax shift, slightly lowers monthly carrying costs. When evaluating an FHA loan calculator with PMI and taxes in Charleston County, SC, or an FHA loan down payment calculator in Charleston County, South Carolina, the low tax burden improves affordability. For precise budgeting, consider a Charleston County FHA mortgage calculator with property taxes or review Charleston County FHA loan limits and tax calculator tools.

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.