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

US County (Smart Autofill)

Loan Type

Lexington County, SC Benchmarks

FHA averages

Typical Property Value$280,015

Average Down Payment9.4%

Average Interest Rate6.216%

Effective Tax Rate0.48%

Median Tax Paid$1,151/yr

Tax Growth (Historical)-1.7%

Based on 1,956 regional loans totaling $488,380,000 (HMDA database).

Home Price

Down Payment

$26,321 down · $253,694 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

$112 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$108 / month

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.