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Sumter County FHA Loan Calculator

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

Loan Details

Sumter County, SC Benchmarks

FHA averages
Typical Property Value$225,000
Average Down Payment9.4%
Average Interest Rate6.278%
Effective Tax Rate0.54%
Median Tax Paid$881/yr
Tax Growth (Historical)-0.6%
Based on 439 regional loans totaling $87,745,000 (HMDA database).
$
%

$21,150 down · $203,850 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$101 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,619/mo

  • Principal & Interest$1,281
  • Property Tax$101
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$207,417

Total Interest

$253,798

Total of Payments

$461,216

*Includes financed FHA Upfront MIP of $3,567

Local Market Insights

Sumter County FHA Mortgage Overview

Sumter County’s FHA market shows a 9.36% down payment, which is slightly below the typical 10% threshold, making homeownership accessible but requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With a 90.64% LTV ratio, buyers build equity slowly, and MIP is permanent regardless of future equity—ideal for those with sub-620 credit. The effective property tax rate of 0.54% is low, and the -0.6% inflation-adjusted tax change improves true monthly affordability. For an FHA loan analysis with PMI and taxes in Sumter County, SC, this data confirms stable entry costs for primary residences.

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.