Mortgage Calculator

Mortgage Calculator

What Will Your Monthly Payment Be?

See the whole payment, not just the loan.

Your monthly payment is more than principal and interest. Add in property taxes, homeowners insurance, HOA dues and mortgage insurance to see what owning a home in the Upstate will really cost each month.

Your numbers

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Example rate. Use the rate your lender quotes you.

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Taxes are listed on the MLS listing or county records. In SC, a home you live in is usually taxed at a lower rate (4%) than a second home or rental (6%).

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Mortgage insurance (PMI) usually applies when you put down less than 20%. It’s left out automatically at 20% or more.

Estimated monthly payment

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    Loan amount$0
    Total interest$0
    Paid off–

    Start Your Game Plan

    Estimates only. Your actual payment depends on your lender, loan program, credit and final costs.

    Free Buyer Mortgage Guides

    Short, plain-English guides to the loan side of buying a home in South Carolina. Tap any guide to read it full size, or download the PDF to keep.

    Know the process

    Home Buying TimelineFrom meeting your agent to getting the keys: who does what at each stage.

    Download PDF

    Your Path to ClosingWhat happens in the 30 days after your offer is accepted, and what you need to do.

    Download PDF

    What Not to Do While BuyingThe moves that can cost you your loan before closing.

    Download PDF

    Pick a lender and a rate

    How to Vet a Loan OfficerEight things to check, and what to ask, before you apply.

    Download PDF

    What Sets Your Interest RateThe market, the lender and your file, and the parts you control.

    Download PDF

    How to Read Your Loan EstimateA step-by-step order for reading the form and comparing lenders.

    Download PDF

    Loan Estimate, ExplainedAn annotated sample showing which costs can change before closing.

    Download PDF

    Know the full monthly cost

    SC Property TaxesWhy the tax on the listing may not be yours, and the 4% vs 6% rule.

    Download PDF

    Homeowners InsuranceWhat lenders require and how insurance changes what you can afford.

    Download PDF

    Escrow AccountsWhy a fixed-rate payment can still go up each year.

    Download PDF

    HOA and Condo FeesWhat monthly dues really cost you in buying power.

    Download PDF

    Protect your purchase

    The AppraisalWhat it does, and your options if it comes in low.

    Download PDF

    Title InsuranceWhat title work finds and which policy actually protects you.

    Download PDF

    Questions about a loan?

    Talk with Dan Creasap, Loan Officer at Fairway

    NMLS 2367987

    Guides prepared by Dan Creasap, Loan Officer, Fairway (NMLS 2367987, company NMLS 2289), for general education. They are not a loan offer or commitment to lend.

    Know Your Number? Let’s Find Your Home.

    Chris and The Horrell Team can connect you with trusted local lenders and build a home search around your budget.