Mortgage Calculator & Closing Costs: Mount Pleasant, SC
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Mount Pleasant, South Carolina.
Median Home Price
$575K
Population
92K
Avg Monthly Rent
$2,050
Property Tax Rate
0.57% *
* Property tax shown is the South Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Mount Pleasant.
Mount Pleasant vs South Carolina Median
The median home price in Mount Pleasant is $575,000, which is 89% above the South Carolina state median of $305,000.
Mortgage Calculator — Mount Pleasant, SC
Pre-filled with Mount Pleasant median home price and South Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $575K home using South Carolina's 0.57% tax rate and $2,600/yr insurance.
5% Down
$4,261/mo
Down: $28,750
Loan: $546K
P&I: $3,453
Tax: $273
Insurance: $217
PMI: $319
10% Down
$4,063/mo
Down: $57,500
Loan: $518K
P&I: $3,271
Tax: $273
Insurance: $217
PMI: $302
20% Down (No PMI)
$3,397/mo
Down: $115,000
Loan: $460K
P&I: $2,908
Tax: $273
Insurance: $217
Income needed (28% rule): $146K/year with 20% down, $174K/year with 10% down.
Rent vs Buy in Mount Pleasant
Rent
$2,050/mo
vs
Buy (10% down)
$4,063/mo
Price-to-rent ratio: 23.4 — At a ratio above 20, renting may be more economical in Mount Pleasant for shorter stays. Buying costs $2,013 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Mount Pleasant is $575,000, 89% above the South Carolina state median of $305,000. With a population of 92,108, Mount Pleasant is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in South Carolina average 0.57% annually. This low property tax rate is a significant advantage for Mount Pleasant buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in South Carolina runs approximately $2,600 per year. This is within the normal range nationally.
Average rent in Mount Pleasant is $2,050/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Mount Pleasant is a higher-cost market. At $575K median, buyers need significant savings or strong income. Down payment assistance through South Carolina's SC Housing Palmetto Home program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Mount Pleasant.