Mortgage Calculator
Mortgage Calculator
Calculate Your Monthly Payment
Adjust the numbers to estimate your monthly payment, including principal, interest, property taxes, homeowners insurance and HOA dues.
| Principal & Interest | $0 |
| Property Tax | $0 |
| Home Insurance | $0 |
| PMI | $0 |
| HOA Dues | $0 |
| Loan Amount | $0 |
This calculator provides estimates for illustration only and is not a loan offer. Taxes, insurance, PMI and rates vary by property, lender and borrower. Contact a licensed lender for an exact quote.
Talk With RebeccaUnderstanding Your Monthly Payment
Principal & Interest
The core loan payment, based on your loan amount, interest rate and term.
Property Taxes
South Carolina property taxes depend on the county, the home's assessed value and whether it is your primary residence.
Insurance
Lenders require homeowners insurance. Rates vary by home age, location and coverage.
PMI & HOA
Private mortgage insurance may apply with less than 20% down, and some communities charge HOA dues.
Mortgage FAQs
How much should I put down?
It depends on your loan type and goals. Some programs allow low down payments, while 20% down typically avoids PMI on conventional loans. A lender can review your options.
Should I get pre-approved before I look at homes?
Yes. A pre-approval shows sellers you are a serious buyer and helps you shop in the right price range.
Do you recommend lenders?
I am happy to share contacts for local lenders my clients have worked with. You are always free to choose your own lender.
Ready to Start Your Home Search?
Once you know your comfortable payment, I'll help you find homes that fit your budget and your lifestyle.
Understanding Your Monthly Mortgage Payment
Your monthly payment is more than principal and interest. Most loans also include property taxes, homeowners insurance and, for many buyers, mortgage insurance. HOA dues may apply in some neighborhoods. Use the calculator above to test different prices, down payments and rates.
South Carolina Property Taxes
South Carolina assesses an owner-occupied primary residence at 4% of its value, while second homes and rentals are assessed at 6%. That difference can change your payment noticeably, so be sure to apply for the 4% legal residence rate with your county after you close. Learn more in 4% vs. 6% assessment explained.
Tips Before You Apply
- Get pre-approved so you know your true budget
- Compare loan options such as conventional, FHA, VA and USDA
- Budget for closing costs in addition to your down payment
Calculator results are estimates for planning only and are not a loan offer. Contact a licensed lender for exact figures.