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Lancaster County FHA Loan Calculator

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

Loan Details

Lancaster County, SC Benchmarks

FHA averages
Typical Property Value$347,531
Average Down Payment9.8%
Average Interest Rate6.168%
Effective Tax Rate0.54%
Median Tax Paid$1,657/yr
Tax Growth (Historical)+8.1%
Based on 636 regional loans totaling $195,870,000 (HMDA database).
$
%

$34,058 down · $313,473 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$156 / month

$

Annual premium

$

Per month

%

$133 / month

Estimated Monthly Payment

$2,387/mo

  • Principal & Interest$1,947
  • Property Tax$156
  • Home Insurance$150
  • FHA MIP$133
Amortization · Remaining Balance

Financed Loan Amount

$318,959

Total Interest

$382,076

Total of Payments

$701,035

*Includes financed FHA Upfront MIP of $5,486

Local Market Insights

Lancaster County FHA Mortgage Overview

Lancaster County FHA buyers are leveraging a 9.81% down payment on a $347,531 average property, supported by a 90.19% loan-to-value ratio. This low entry point is ideal for those with sub-620 credit, but the FHA loan requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 6.168% rate and 0.54% effective property tax create manageable monthly costs, though the recent 8.1% inflation-adjusted tax increase adds pressure. For an FHA loan down payment analysis in Lancaster County, South Carolina, this data confirms strong primary-occupancy demand with no investor risk, making the FHA mortgage analysis with property taxes essential for true affordability.

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.