Colleton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Colleton County, SC Benchmarks

FHA averages

Typical Property Value$264,330

Average Down Payment11.4%

Average Interest Rate6.290%

Effective Tax Rate0.54%

Median Tax Paid$900/yr

Tax Growth (Historical)-1.1%

Based on 194 regional loans totaling $43,980,000 (HMDA database).

Home Price

Down Payment

$30,134 down · $234,196 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

$119 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$99 / month

Estimated Monthly Payment

$1,842/mo

Principal & Interest$1,473
Property Tax$119
Home Insurance$150
FHA MIP$99

Amortization · Remaining Balance

Financed Loan Amount

$238,295

Total Interest

$292,139

Total of Payments

$530,434

*Includes financed FHA Upfront MIP of $4,098

Local Market Insights

Colleton County FHA Mortgage Overview

In Colleton County, FHA buyers leverage an 11.41% down payment on an average $264,330 property, providing accessible entry. However, with a high 88.59% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life—ideal for those with sub-620 credit. The effective property tax rate of 0.54% is manageable, and the recent -1.1% inflation-adjusted tax shift slightly improves monthly affordability. This data reflects 100% primary residences, not investments, making these FHA loan terms with PMI and taxes a stable choice for local homeowners.

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.