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Dillon County FHA Loan Calculator

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

Loan Details

Dillon County, SC Benchmarks

FHA averages
Typical Property Value$195,101
Average Down Payment10.4%
Average Interest Rate6.510%
Effective Tax Rate0.44%
Median Tax Paid$452/yr
Tax Growth (Historical)+3.2%
Based on 99 regional loans totaling $16,785,000 (HMDA database).
$
%

$20,291 down · $174,810 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$72 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,421/mo

  • Principal & Interest$1,125
  • Property Tax$72
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,870

Total Interest

$227,284

Total of Payments

$405,154

*Includes financed FHA Upfront MIP of $3,059

Local Market Insights

Dillon County FHA Mortgage Overview

For Dillon County homebuyers, the 10.40% down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, ideal for those with sub-620 credit scores. The 89.60% median Loan-to-Value (LTV) ratio confirms this, as you cannot cancel MIP. With a 0.44% effective property tax rate and a 3.2% inflation-adjusted increase, monthly affordability is pressured. When exploring an FHA loan down payment in Dillon County, SC, or an FHA mortgage with property taxes, remember the average property value is $195,101.01 at a 6.510% rate. This data, reflecting 100% owner-occupied purchases, highlights that an FHA loan with PMI and taxes in Dillon County, SC, is a long-term commitment.

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.