Mortgage on a $150K house in South Carolina
$938 a month with 20% down — $807 principal and interest plus $56 property tax and $75 insurance.
South Carolina's typical property tax is 0.45% of the home's value a year (U.S. average 0.9%), which adds $56 a month on a $150K home. The typical home in South Carolina is worth $304,319, so $150K is 51% below the typical price.
$150K home in South Carolina: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $131 | $938 | $40,200 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $131 | $1,095 | $46,900 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $131 | $1,149 | $49,200 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $131 | $1,188 | $50,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in South Carolina does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Marion County | $144,024 | 0.47% | $941 |
| Dillon County | $156,722 | 0.53% | $948 |
| Hampton County | $159,212 | 0.8% | $982 |
| Orangeburg County | $162,517 | 0.65% | $963 |
| Lee County | $131,864 | 0.57% | $954 |
| Union County | $131,794 | 0.56% | $952 |
| Darlington County | $170,906 | 0.41% | $934 |
| Williamsburg County | $128,370 | 0.66% | $964 |
| Bamberg County | $127,650 | 0.83% | $986 |
7 of 46 South Carolina counties tracked by Zillow have a typical home value at or below $150K. See all South Carolina home prices.
Other prices in South Carolina
Frequently asked questions
What is the mortgage on a $150K house in South Carolina?
About $938 a month with 20% down at 7.11%: $807 principal and interest, $56 property tax and $75 insurance.
How much do I need to make to buy a $150K house in South Carolina?
About $40,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in South Carolina?
At South Carolina's typical effective rate of 0.45%, about $670 a year. Rates vary by county and city — see the county pages.