Mortgage Calculator in Hawaii

Calculate your monthly mortgage payment in Hawaii using the 2026 median home price of $832K and current local rates. Adjust the inputs below. Formula shown, sources cited — no account required.

Buying a home here means entering one of the most expensive markets in the country, with a median price of $832,000. The silver lining is an unusually low property tax rate of just 0.29% — the lowest in the nation — which meaningfully reduces your annual holding cost once you close. On a home at that median price, you'd owe roughly $2,413 per year in property taxes rather than the $5,000-plus common in high-tax states. With a typical 20% down payment, buyers bring $166,400 to the table before any loan fees. Closing costs average another 1.3%, adding about $10,816. The HHFDC Mortgage Credit program can offset some of that burden for qualifying first-time buyers by converting a portion of mortgage interest into a federal tax credit. This market moves fast and inventory is tight, so serious buyers should get pre-approved early and model their full monthly payment — including insurance and HOA fees — before making an offer. Use the calculator above to see what a 6.35% rate does to your monthly budget.

ℹ

Hawaii's median home price of $832K is among the highest in the US — your down payment requirement is substantial even at the minimum 3-5%.

Know your real number before you decide.

Free. No email. The math is right there.

See all 20 calculators →

Hawaii Housing Market at a Glance (2026)

$832K

Median Home Price

6.35%

Avg Mortgage Rate

0.29%

Property Tax Rate

20%

Typical Down Payment

Buying a Home in Hawaii: Costs to Know

Average closing costs1.3% of purchase price

On a $832K home, closing costs â‰ˆ$10,816

Median household income$100,745/yr

State income tax (top rate)11%

First-Time Buyer Programs in Hawaii

Hawaii offers state-sponsored programs that can reduce your down payment or closing costs:

✓HHFDC Mortgage Credit
✓HHL Affordable Homeownership

How to Finance a Home in High-Cost Hawaii

A standard mortgage payment in Hawaii is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $832K home in Hawaii with a 20% down payment at 6.35% over 30 years, your principal and interest payment comes to approximately $4,142/month— not including property taxes or homeowner's insurance.

Hawaii's property tax rate of 0.29% adds roughly $201/month to your total housing cost on a $832K home. This rate is below the national average of ~1.1%, which helps keep total housing costs lower.

Hawaii vs. National Average

Metric	Hawaii	National Avg
Median Home Price	$832,000	$420,000
Property Tax Rate	0.29%	1.07%
Avg Mortgage Rate	6.35%	6.85%
Cost of Living Index	183.9	100

Questions You Might Ask — Mortgage Calculator in Hawaii

What is the average mortgage payment in Hawaii?

Based on the median home price of $832K in Hawaii with a 20% down payment and 6.35% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $4,142. Adding property taxes (~$201/mo) and homeowner's insurance, total PITI is typically $4,493–$4,593/month.

What is the property tax rate in Hawaii?

Hawaii has an average effective property tax rate of 0.29%. On the median home price of $832K, that equals roughly $2,413 per year — or $201 added to your monthly mortgage payment. This is below the national average of ~1.1%, which helps lower total housing costs in Hawaii.

How much down payment do I need to buy a home in Hawaii?

The typical down payment in Hawaii is 20% — about $166,400 on the median $832K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like HHFDC Mortgage Credit.

What are closing costs in Hawaii?

Average closing costs in Hawaii are approximately 1.3% of the purchase price — about $10,816 on the median $832K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in Hawaii?

To afford the $832K median home in Hawaii under the 28% housing-cost rule, you need a gross monthly income of at least $16,046 — roughly $193K/year. The median household income in Hawaii is $100,745.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.