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Folly Beach Mortgage Calculator

Estimate your true cost of homeownership in Folly Beach with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$7,951
P&I Payment$6,624
Taxes & Ins$1,127
Utilities$200
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Mortgage Details

$1,273,592
Local Median: $1,273,592
$254,718 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$7,951

Monthly Breakdown

Principal & Interest
$6,624
Property Taxes
$283
Homeowners Ins.
$844
Utilities
$200

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$1,365,759

Local Housing Facts for Folly Beach

  • ·Median home value: $1,273,592 (adjusted for current market conditions)
  • ·Est. property taxes: $3,398/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $10,128/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,396/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Folly Beach?

Based on the local median home value, estimated real estate property taxes in Folly Beach are around $3,398 per year.

What is the average home price in Folly Beach?

The median home value in Folly Beach is currently estimated at $1,273,592.

How much does homeowners insurance cost in Folly Beach?

For a median priced home, homeowners insurance in Folly Beach averages around $10,128 annually.

What is the true total cost of owning a home in Folly Beach?

True homeownership costs go beyond principal and interest. In Folly Beach, a typical homeowner with a median-priced home of $1,273,592 can expect to pay roughly $3,398/yr in property taxes, $10,128/yr for homeowners insurance, and $2,396/yr in energy utilities. That adds approximately $1,327 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.