Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
Charleston vs Greenville: Mortgage Cost Comparison
Thinking about buying in Charleston or Greenville? Here's a side-by-side comparison of mortgage costs in both cities.
$2,516
Charleston PITI
$1,757
Greenville PITI
$760/mo
Difference
Your Monthly Payment (PITI)
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Principal + Interest + Tax + Insurance
Monthly Breakdown
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Property Tax
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Insurance
Loan Overview
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Total Interest
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Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
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Bi-Weekly Payment
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Total Interest
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Payoff Date
Charleston vs Greenville: Full Mortgage Comparison
Buying a home in Greenville is $760/month cheaper based on average home prices and local costs.
| Charleston, SC | Greenville, SC | |
|---|---|---|
| Avg. Home Price | $420,000 | $290,000 |
| Down Payment (20%) | $84,000 | $58,000 |
| Loan Amount | $336,000 | $232,000 |
| Property Tax Rate | 0.55% | 0.58% |
| Annual Property Tax | $2,310 | $1,682 |
| Annual Insurance | $2,400 | $1,800 |
| Monthly P&I | $2,124 | $1,466 |
| Monthly PITI | $2,516 | $1,757 |
| Total Interest (30yr) | $428,549 | $295,903 |
What Drives the Difference?
Home prices are the biggest factor — Charleston’s average home costs $130,000 more than Greenville’s.
Property taxes also favor Charleston — Greenville’s 0.58% rate is higher than Charleston’s 0.55%.
Insurance is $600/year more in Charleston.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Charleston | Greenville | |
|---|---|---|
| Monthly PITI | $2,516 | $1,757 |
| Income needed | $107,839 | $75,281 |
Try Your Own Numbers
The calculator above is pre-filled with Charleston’s averages. Adjust the values to match your situation, or try the Greenville calculator for Greenville-specific numbers.