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Pickens County FHA Loan Calculator

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

Loan Details

Pickens County, SC Benchmarks

FHA averages
Typical Property Value$278,750
Average Down Payment10.6%
Average Interest Rate6.211%
Effective Tax Rate0.43%
Median Tax Paid$866/yr
Tax Growth (Historical)+2.3%
Based on 640 regional loans totaling $156,990,000 (HMDA database).
$
%

$29,548 down · $249,203 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$106 / month

Estimated Monthly Payment

$1,910/mo

  • Principal & Interest$1,555
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$106
Amortization · Remaining Balance

Financed Loan Amount

$253,564

Total Interest

$306,108

Total of Payments

$559,672

*Includes financed FHA Upfront MIP of $4,361

Local Market Insights

Pickens County FHA Mortgage Overview

For Pickens County homebuyers, the 10.60% down payment on an FHA loan provides accessible entry, though it requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal if you have a sub-620 credit score. The 89.40% loan-to-value ratio confirms this, as MIP never cancels. With a 0.43% effective property tax rate and a 2.3% inflation-adjusted increase, monthly affordability is stable. When evaluating an FHA loan with PMI and taxes in Pickens County, SC, consider that the average property value of $278,750 and 6.211% interest rate shape your payment structure. This data reflects owner-occupied purchases, not investments.

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.