Mortgage on a $350K house in South Carolina
$2,189 a month with 20% down — $1,884 principal and interest plus $130 property tax and $175 insurance.
South Carolina's typical property tax is 0.45% of the home's value a year (U.S. average 0.9%), which adds $130 a month on a $350K home. The typical home in South Carolina is worth $304,319, so $350K is 15% above the typical price.
$350K 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 | $70,000 | $280,000 | $1,884 | $0 | $305 | $2,189 | $93,800 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $305 | $2,555 | $109,500 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $305 | $2,681 | $114,900 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $305 | $2,772 | $118,800 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dorchester County | $348,212 | 0.56% | $2,223 |
| Greenville County | $336,744 | 0.51% | $2,206 |
| Berkeley County | $378,292 | 0.45% | $2,190 |
| Lancaster County | $378,849 | 0.5% | $2,205 |
| Horry County | $319,809 | 0.33% | $2,154 |
| York County | $383,056 | 0.48% | $2,199 |
| McCormick County | $316,274 | 0.56% | $2,222 |
| Georgetown County | $387,236 | 0.41% | $2,178 |
| Pickens County | $307,321 | 0.37% | $2,167 |
39 of 46 South Carolina counties tracked by Zillow have a typical home value at or below $350K. See all South Carolina home prices.
Other prices in South Carolina
Frequently asked questions
What is the mortgage on a $350K house in South Carolina?
About $2,189 a month with 20% down at 7.11%: $1,884 principal and interest, $130 property tax and $175 insurance.
How much do I need to make to buy a $350K house in South Carolina?
About $93,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in South Carolina?
At South Carolina's typical effective rate of 0.45%, about $1,563 a year. Rates vary by county and city — see the county pages.