Greenwood County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Greenwood County, SC Benchmarks

FHA averages

Typical Property Value$228,178

Average Down Payment9.2%

Average Interest Rate6.125%

Effective Tax Rate0.54%

Median Tax Paid$964/yr

Tax Growth (Historical)-3.9%

Based on 365 regional loans totaling $74,045,000 (HMDA database).

Home Price

Down Payment

$20,992 down · $207,186 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

$103 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$88 / month

Estimated Monthly Payment

$1,622/mo

Principal & Interest$1,282
Property Tax$103
Home Insurance$150
FHA MIP$88

Amortization · Remaining Balance

Financed Loan Amount

$210,811

Total Interest

$250,562

Total of Payments

$461,374

*Includes financed FHA Upfront MIP of $3,626

Local Market Insights

Greenwood County FHA Mortgage Overview

For Greenwood County homebuyers using an FHA loan, the 9.20% weighted average down payment and 90.80% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. This structure is ideal for those with sub-620 credit scores. The effective property tax rate of 0.54% is modest, and the recent -3.9% inflation-adjusted tax change slightly lowers monthly costs. When evaluating an FHA loan with PMI and taxes in Greenwood County, SC, or using an FHA loan down payment guide in Greenwood County, South Carolina, note that this data reflects 100% primary occupancy, not investment properties, ensuring standard homebuyer risk profiles.

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.