South Carolina Closing Cost Calculator
Estimate South Carolina closing costs for buyers and sellers. Transfer tax: 0.37%. Average total: 2.7% of price.
How This Calculator Works
Calculation methodology and assumptions
Closing costs in South Carolina typically range from 2.2% to 3.2% of the purchase price. This calculator estimates individual line items including title insurance (0.5% of price), transfer taxes (0.37% in South Carolina), recording fees, loan origination fees (1% of loan), appraisal, inspection, and escrow/prepaids. South Carolina requires an attorney for real estate closings.
Frequently Asked Questions
How much are closing costs in South Carolina?
Closing costs in South Carolina average 2.7% of the purchase price. On a $280,000 home, that's approximately $7,560.
Does South Carolina have transfer taxes?
Yes, South Carolina has a transfer tax of 0.37% of the sale price. On a $280,000 sale, that's $1,036.
Do I need an attorney to close in South Carolina?
Yes, South Carolina is an "attorney state" — you are required to have an attorney present at closing.
Who pays closing costs in South Carolina?
In South Carolina, both buyers and sellers have closing costs. Buyers typically pay loan-related fees, appraisal, inspection, and their share of prepaids. Sellers usually pay real estate agent commissions and their share of transfer taxes. Some costs are negotiable between the parties.
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