Sorry if this looks like shilling, but I've been waiting for a game like this a long time.
Hi, a week or so ago, I posted about a game called Dement, I really don't know if it's worth the current price, only because it's Early Access and I know people shy away from that stuff.
If you're looking for Silent Hill, this is definitely the same vibe, except melee is almost out of the question. Going face-to-face with several monsters is basically a death wish.
It's scary as hell, but when you try and sneak past enemy and refuse to use your bullets, expect to try that tactic over and over.
Utilizes the swing mechanic, only a certain speed actually doing damage, and the common enemy is fast as hell.
Wait for a sale, hell, wait for a download. These are just my two cents after playing it.
I'm shilling, but only because I wanted this kind of game for a while.