Mortgage on a $300K house in South Carolina
$1,876 a month with 20% down — $1,614 principal and interest plus $112 property tax and $150 insurance.
South Carolina's typical property tax is 0.45% of the home's value a year (U.S. average 0.9%), which adds $112 a month on a $300K home. The typical home in South Carolina is worth $304,319, so $300K is right at the typical price.
$300K 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 | $60,000 | $240,000 | $1,614 | $0 | $262 | $1,876 | $80,400 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $262 | $2,190 | $93,900 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $262 | $2,298 | $98,500 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $262 | $2,376 | $101,800 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Pickens County | $307,321 | 0.37% | $1,858 |
| Oconee County | $287,580 | 0.38% | $1,859 |
| Anderson County | $287,369 | 0.45% | $1,877 |
| McCormick County | $316,274 | 0.56% | $1,905 |
| Horry County | $319,809 | 0.33% | $1,847 |
| Edgefield County | $277,600 | 0.43% | $1,872 |
| Spartanburg County | $274,874 | 0.55% | $1,901 |
| Lexington County | $271,722 | 0.49% | $1,887 |
| Greenville County | $336,744 | 0.51% | $1,891 |
| Kershaw County | $259,885 | 0.47% | $1,881 |
34 of 46 South Carolina counties tracked by Zillow have a typical home value at or below $300K. See all South Carolina home prices.
Other prices in South Carolina
Frequently asked questions
What is the mortgage on a $300K house in South Carolina?
About $1,876 a month with 20% down at 7.11%: $1,614 principal and interest, $112 property tax and $150 insurance.
How much do I need to make to buy a $300K house in South Carolina?
About $80,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in South Carolina?
At South Carolina's typical effective rate of 0.45%, about $1,339 a year. Rates vary by county and city — see the county pages.