Mortgage Data Labs

Programmatic SEO Local County Calculator

Calculator>South Carolina>Lexington County (FHA)

Lexington County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Lexington County, SC Benchmarks

FHA averages
Typical Property Value$280,015
Average Down Payment9.4%
Average Interest Rate6.216%
Effective Tax Rate0.48%
$
%

$26,321 down · $253,694 financed

Estimated Monthly Payment

$1,954/mo

  • Principal & Interest$1,584
  • Property Tax$112
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$258,133

Total Interest

$312,228

Total of Payments

$570,362

*Includes financed FHA Upfront MIP of $4,440

Local Market Insights

Lexington County FHA Mortgage Overview

In Lexington County, the 9.36% weighted average down payment on FHA loans provides accessible entry for buyers, but note that the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan due to the 90.64% Loan-to-Value ratio. This data reflects 100% primary residences, ideal for those with sub-620 credit. The effective property tax rate of 0.48% is low, and the -1.7% inflation-adjusted tax change slightly reduces monthly costs, improving true affordability. When evaluating an FHA loan with PMI and taxes in Lexington County, SC, this market favors lower upfront cash but demands ongoing MIP. For an FHA mortgage with property taxes, the stable tax environment offsets higher insurance costs.

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.