Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Myrtle Beach mortgage calculator
A median-priced Myrtle Beach, SC home at 6.75% over 30 years, with South Carolina property tax of 0.53% and $2,600 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$2,291 a month, all in
Principal and interest are $1,810; escrow and PMI add the rest. Over the full term the loan costs $372,452 in interest. Discounted at 5%, buying here has a net present value of $98,389 ($320,002 in today’s dollars).
Within South Carolina, Myrtle Beach is 3rd of the 4 South Carolina markets covered here, between Charleston at the top and Columbia at the bottom of a 2.00x spread. A state-level median hides most of that.
A price-to-rent ratio of 16.1 puts Myrtle Beach in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Myrtle Beach prices track the South Carolina median closely, at $310,000 against $310,000 statewide, so the state-level tax and insurance assumptions carry over without much adjustment.
Monthly cost in Myrtle Beach vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $310,000 |
|---|---|
| Down payment (10%) | $31,000 |
| Loan amount | $279,000 |
| Principal & interest | $1,810/mo |
| Property tax (0.53%) | $137/mo |
| Homeowners insurance | $217/mo |
| PMI while above 80% LTV | $128/mo |
| Total monthly payment | $2,291/mo |
| Comparable rent | $1,600/mo |
What a rate move does to the Myrtle Beach payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,584/mo |
| 6% | $1,673/mo |
| 6.5% | $1,763/mo |
| 7% | $1,856/mo |
| 7.5% | $1,951/mo |
| 8% | $2,047/mo |
Rent or buy in Myrtle Beach?
Against $1,600 a month in rent, over 7 years renting leaves you about $26,843 better off — $22,582 once 2.5% inflation is stripped out. See the South Carolina rent-vs-buy page.
Where these numbers come from
South Carolina medians come from editorial and are refreshed weekly. The Myrtle Beach figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.