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Edgefield County FHA Loan Calculator

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

Loan Details

Edgefield County, SC Benchmarks

FHA averages
Typical Property Value$286,053
Average Down Payment10.7%
Average Interest Rate6.332%
Effective Tax Rate0.47%
Median Tax Paid$875/yr
Tax Growth (Historical)-3.2%
Based on 152 regional loans totaling $38,130,000 (HMDA database).
$
%

$30,608 down · $255,445 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$112 / month

$

Annual premium

$

Per month

%

$108 / month

Estimated Monthly Payment

$1,984/mo

  • Principal & Interest$1,614
  • Property Tax$112
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$259,916

Total Interest

$321,086

Total of Payments

$581,002

*Includes financed FHA Upfront MIP of $4,470

Local Market Insights

Edgefield County FHA Mortgage Overview

Edgefield County’s FHA market reveals accessible entry for owner-occupants, with a 10.65% down payment on a $286,053 average property. This low barrier is ideal for buyers with sub-620 credit, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, as the 89.35% LTV confirms. The effective property tax rate is a modest 0.47%, and a recent inflation-adjusted tax decrease of -3.2% further improves true monthly affordability. For an Edgefield County FHA mortgage analysis with property taxes, this environment supports stable long-term costs despite 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.