VA Loan Calculator — South Carolina
An eligible VA borrower can buy the typical South Carolina home ($306,000) with no down payment. The 2.15% first-use funding fee ($6,579) is rolled into a $312,579 loan, and there is no monthly mortgage insurance — saving about $137 a month versus FHA MIP on the same home.
South Carolina has the 5th-lowest effective property tax rate of the 50 states at 0.49% — $1,285 less a year than the 0.91% state average on a $306,000 home. Homeowners insurance averages $2,974 a year, the 16th-highest premium nationally and $254 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,459
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$438,342
Total Cost
$885,121
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $25,031 | $3,157 | $21,874 | — | $309,422 | -$3,422 |
| Year 2 | $25,031 | $3,386 | $21,645 | — | $306,036 | -$36 |
| Year 3 | $25,031 | $3,632 | $21,399 | — | $302,404 | $3,596 |
| Year 4 | $25,031 | $3,896 | $21,135 | — | $298,508 | $7,492 |
| Year 5 | $25,031 | $4,179 | $20,852 | — | $294,330 | $11,670 |
| Year 6 | $25,031 | $4,482 | $20,549 | — | $289,848 | $16,152 |
| Year 7 | $25,031 | $4,807 | $20,223 | — | $285,040 | $20,960 |
| Year 8 | $25,031 | $5,157 | $19,874 | — | $279,884 | $26,116 |
| Year 9 | $25,031 | $5,531 | $19,500 | — | $274,353 | $31,647 |
| Year 10 | $25,031 | $5,933 | $19,098 | — | $268,420 | $37,580 |
| Year 11 | $25,031 | $6,363 | $18,667 | — | $262,057 | $43,943 |
| Year 12 | $25,031 | $6,825 | $18,205 | — | $255,231 | $50,769 |
| Year 13 | $25,031 | $7,321 | $17,710 | — | $247,910 | $58,090 |
| Year 14 | $25,031 | $7,853 | $17,178 | — | $240,058 | $65,942 |
| Year 15 | $25,031 | $8,423 | $16,608 | — | $231,635 | $74,365 |
| Year 16 | $25,031 | $9,034 | $15,997 | — | $222,601 | $83,399 |
| Year 17 | $25,031 | $9,690 | $15,341 | — | $212,911 | $93,089 |
| Year 18 | $25,031 | $10,394 | $14,637 | — | $202,517 | $103,483 |
| Year 19 | $25,031 | $11,149 | $13,882 | — | $191,368 | $114,632 |
| Year 20 | $25,031 | $11,958 | $13,073 | — | $179,410 | $126,590 |
| Year 21 | $25,031 | $12,826 | $12,205 | — | $166,584 | $139,416 |
| Year 22 | $25,031 | $13,758 | $11,273 | — | $152,826 | $153,174 |
| Year 23 | $25,031 | $14,757 | $10,274 | — | $138,070 | $167,930 |
| Year 24 | $25,031 | $15,828 | $9,203 | — | $122,242 | $183,758 |
| Year 25 | $25,031 | $16,977 | $8,054 | — | $105,265 | $200,735 |
| Year 26 | $25,031 | $18,210 | $6,821 | — | $87,055 | $218,945 |
| Year 27 | $25,031 | $19,532 | $5,499 | — | $67,522 | $238,478 |
| Year 28 | $25,031 | $20,950 | $4,080 | — | $46,572 | $259,428 |
| Year 29 | $25,031 | $22,472 | $2,559 | — | $24,100 | $281,900 |
| Year 30 | $25,027 | $24,100 | $927 | — | $0 | $306,000 |
VA Loan numbers for South Carolina
- Typical South Carolina home value
- $306,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $312,579
- Includes $6,579 financed funding fee
- Estimated monthly payment
- $2,459
- APR 7.242%
- South Carolina property tax
- 0.49%
- $125/mo
- Homeowners insurance
- $2,974/yr
- $248/mo
- VA funding fee (first use)
- 2.15% · $6,579
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $137/mo
- Same $306,000 home, FHA at 3.5% down
How much house can you afford in South Carolina with a va loan?
Highest price where principal, interest, South Carolina property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $127,000 | $0 | 41% |
| $75,000 | $1,750 | $207,000 | $0 | 68% |
| $100,000 | $2,333 | $288,000 | $0 | 94% |
| $125,000 | $2,917 | $369,000 | $0 | 120% |
| $150,000 | $3,500 | $450,000 | $0 | 147% |
| $200,000 | $4,667 | $611,000 | $0 | 199% |
| $250,000 | $5,833 | $773,000 | $0 | 252% |
VA vs other loan types in South Carolina
$306,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $30,600 | $275,400 | — | $165 PMI | $2,376 | 7.488% |
| FHA | 3.5% · $10,710 | $300,458 | UFMIP $5,168 | $137 MIP | $2,515 | 7.761% |
| VA | 0% · $0 | $312,579 | Funding fee $6,579 | $0 | $2,459 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $61,200 | $244,800 | — | $0 | $2,006 | 7.030% |
Frequently asked questions
What is the monthly payment on a $306,000 home with a va loan in South Carolina?
Estimated $2,459 per month ($2,086 principal & interest, $125 property tax, $248 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $306,000 South Carolina home?
$6,579 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.