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Lee County FHA Loan Calculator

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

Loan Details

Lee County, SC Benchmarks

FHA averages
Typical Property Value$191,364
Average Down Payment10.5%
Average Interest Rate6.336%
Effective Tax Rate0.49%
Median Tax Paid$599/yr
Tax Growth (Historical)+0.4%
Based on 33 regional loans totaling $5,365,000 (HMDA database).
$
%

$20,093 down · $171,271 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$78 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,384/mo

  • Principal & Interest$1,083
  • Property Tax$78
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$174,268

Total Interest

$215,691

Total of Payments

$389,959

*Includes financed FHA Upfront MIP of $2,997

Local Market Insights

Lee County FHA Mortgage Overview

In Lee County, SC, the weighted average 10.50% down payment on an FHA loan provides accessible entry, but this loan type mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a critical factor for buyers with sub-620 credit scores. The 89.50% median Loan-to-Value (LTV) ratio confirms low equity at origination, and with 100% primary occupancy, this data reflects owner-occupied purchases. The effective property tax rate of 0.49% is low, though the 0.4% inflation-adjusted tax increase will modestly raise monthly affordability. For an FHA loan down payment analysis in Lee County, South Carolina, or evaluating FHA loan limits with property taxes, the 6.336% average rate and $191,363.64 property value underscore that MIP is a permanent cost here.

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.