Mortgage on a $200K house in South Carolina
$1,251 a month with 20% down — $1,076 principal and interest plus $74 property tax and $100 insurance.
South Carolina's typical property tax is 0.45% of the home's value a year (U.S. average 0.9%), which adds $74 a month on a $200K home. The typical home in South Carolina is worth $304,319, so $200K is 34% below the typical price.
$200K 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 | $40,000 | $160,000 | $1,076 | $0 | $174 | $1,251 | $53,600 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $174 | $1,460 | $62,600 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $174 | $1,532 | $65,600 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $174 | $1,584 | $67,900 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Sumter County | $203,810 | 0.53% | $1,265 |
| Florence County | $204,585 | 0.42% | $1,247 |
| Fairfield County | $194,708 | 0.51% | $1,262 |
| Saluda County | $207,445 | 0.51% | $1,261 |
| Calhoun County | $209,607 | 0.41% | $1,245 |
| Abbeville County | $209,757 | 0.44% | $1,249 |
| Cherokee County | $189,612 | 0.43% | $1,248 |
| Chester County | $211,424 | 0.56% | $1,270 |
| Clarendon County | $187,053 | 0.56% | $1,269 |
| Laurens County | $214,803 | 0.41% | $1,245 |
| Chesterfield County | $185,129 | 0.42% | $1,246 |
| Newberry County | $222,525 | 0.67% | $1,287 |
17 of 46 South Carolina counties tracked by Zillow have a typical home value at or below $200K. See all South Carolina home prices.
Other prices in South Carolina
Frequently asked questions
What is the mortgage on a $200K house in South Carolina?
About $1,251 a month with 20% down at 7.11%: $1,076 principal and interest, $74 property tax and $100 insurance.
How much do I need to make to buy a $200K house in South Carolina?
About $53,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in South Carolina?
At South Carolina's typical effective rate of 0.45%, about $893 a year. Rates vary by county and city — see the county pages.