Free mortgage refinance calculator tailored for South Carolina (SC). Calculate instantly with state-specific rates and rules.
With a median home value of $290,000 in South Carolina, many homeowners have accumulated significant equity since 2020. Charleston metro and Hilton Head have become premium national markets with prices up 40-60% since 2019. Greenville and Columbia have grown significantly driven by manufacturing and healthcare investment.
Refinancing costs approximately $2,900 in South Carolina. South Carolina charges a deed recording fee ($1.85/$500 of value) and a mortgage recording fee. Total closing costs are moderate by Southeast standards. Your break-even is when cumulative monthly savings equal these upfront costs.
To qualify for a conventional rate-and-term refinance in South Carolina, your balance must stay under $726,200. All South Carolina counties are at the standard conforming limit.
Refinancing doesn't trigger a property reassessment in South Carolina. Your 0.57% effective rate stays constant — only the principal and interest portion of your payment changes. South Carolina's coastline has attracted significant second-home and vacation home investment, and those properties are taxed at 6% (commercial rate) rather than 4%, generating meaningful revenue while protecting primary residents.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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