Closing costs in South Carolina
On a $500,000 home with 20% down, buyers in South Carolina typically pay about $7,742 to $19,217 at closing, including prepaid taxes and insurance.
Typical buyer total1.5%–3.8%Of the price, 20% down
Closings handled byAn attorneyBuyers usually hire their own
Buyer-paid taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | South Carolina’s deed recording fee ($3.70 per $500) is customarily paid by the seller. South Carolina requires an attorney to conduct closings. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $6,385 – $15,210 | 2.1%–5.1% |
| $300,000 | FHA, 3.5% down | $6,659 – $15,973 | 2.2%–5.3% |
| $500,000 | Conventional, 20% down | $7,742 – $19,217 | 1.5%–3.8% |
| $500,000 | FHA, 3.5% down | $8,199 – $20,489 | 1.6%–4.1% |
| $750,000 | Conventional, 20% down | $9,438 – $24,225 | 1.3%–3.2% |
| $750,000 | FHA, 3.5% down | $10,123 – $26,133 | 1.3%–3.5% |
Who pays what in South Carolina
South Carolina’s deed recording fee ($3.70 per $500) is customarily paid by the seller. South Carolina requires an attorney to conduct closings.
Questions
How much are closing costs for buyers in South Carolina?
Often about 1.5% to 3.8% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in South Carolina?
No. South Carolina’s deed recording fee ($3.70 per $500) is customarily paid by the seller. South Carolina requires an attorney to conduct closings.
More for South Carolina
Sources: South Carolina Code §12-24-10. Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.