Clarendon County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Clarendon County, South Carolina based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Clarendon County, SC Benchmarks

FHA averages

Typical Property Value$233,226

Average Down Payment12.4%

Average Interest Rate6.269%

Effective Tax Rate0.52%

Median Tax Paid$883/yr

Tax Growth (Historical)+1.0%

Based on 124 regional loans totaling $24,160,000 (HMDA database).

Home Price

Down Payment

$28,920 down · $204,306 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$101 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$87 / month

Estimated Monthly Payment

$1,620/mo

Principal & Interest$1,283
Property Tax$101
Home Insurance$150
FHA MIP$87

Amortization · Remaining Balance

Financed Loan Amount

$207,881

Total Interest

$253,879

Total of Payments

$461,760

*Includes financed FHA Upfront MIP of $3,575

Local Market Insights

Clarendon County FHA Mortgage Overview

In Clarendon County, the 12.36% down payment on an FHA loan offers accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for buyers with sub-620 credit. The 87.64% Loan-to-Value (LTV) ratio confirms this, as all purchases are primary residences. With a 6.269% rate on a $233,225.81 average property, the 0.52% effective tax rate and 1.0% inflation-adjusted increase add modest monthly cost. For an FHA loan down payment and property tax analysis in Clarendon County, SC, this low tax burden helps offset the permanent MIP requirement.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.