Union County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Union County, SC Benchmarks

FHA averages

Typical Property Value$205,670

Average Down Payment10.9%

Average Interest Rate6.214%

Effective Tax Rate0.43%

Median Tax Paid$579/yr

Tax Growth (Historical)+0.7%

Based on 179 regional loans totaling $31,385,000 (HMDA database).

Home Price

Down Payment

$22,418 down · $183,252 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

$74 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$78 / month

Estimated Monthly Payment

$1,445/mo

Principal & Interest$1,143
Property Tax$74
Home Insurance$150
FHA MIP$78

Amortization · Remaining Balance

Financed Loan Amount

$186,459

Total Interest

$225,098

Total of Payments

$411,557

*Includes financed FHA Upfront MIP of $3,207

Local Market Insights

Union County FHA Mortgage Overview

Union County's FHA market reveals a strategic entry point for owner-occupants. The 10.89% weighted average down payment and 89.11% LTV ratio indicate accessible financing, but note that FHA's mandatory Mortgage Insurance Premium (MIP) persists for the loan's life, ideal for buyers with sub-620 credit. The low 0.43% effective property tax rate, with a modest 0.7% inflation-adjusted increase, keeps monthly costs manageable. When evaluating an FHA loan with PMI and taxes in Union County, SC, the average property value of $205,670 and 6.214% interest rate underscore affordability. Union County FHA loan limits and tax data confirm this market favors primary residence buyers seeking stable, low-tax housing.

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.