Mortgage for Hawaii (2026)
Hawaii (HI) Key Facts
Median Home Price
$850,000
Average Property Tax Rate
0.28%
Average Home Insurance Rate
0.3%
Estimated Monthly Payment
$5,373
First Time Buyer Programs
2
How This Calculator Works in Hawaii
This mortgage calculator lets you estimate your monthly payment on a Hawaii home by factoring in the purchase price, down payment, interest rate, property taxes, and insurance. It is pre-loaded with Hawaii's average property tax rate and insurance costs so you can get a realistic estimate quickly. Adjust the inputs to match your specific situation and see how different scenarios affect your monthly budget.
Hawaii Overview
Hawaii has a median home price of approximately $850K, with an average property tax rate of 0.28% and homeowners insurance averaging 0.3% annually. Highest median home prices in the US. HHFDC mortgage programs and other state programs can help first-time buyers with down payment assistance and competitive mortgage rates.
How Hawaii Compares
Compared to neighboring states, Hawaii's median home price of $850,000 is above the national median of about $420,000. Nearby California has a median price of $750,000 with a 0.74% property tax rate. Property tax rates vary significantly among neighboring states, which can substantially impact long-term homeownership costs.
| State | Top Rate | Notes |
|---|---|---|
| California | $750,000 | Median home price is $750,000 with a 0.74% property tax rate. Estimated monthly mortgage payment is about $5,153. |
| Alaska | $370,000 | Median home price is $370,000 with a 1.19% property tax rate. Estimated monthly mortgage payment is about $2,727. |
| Washington | $570,000 | Median home price is $570,000 with a 1.03% property tax rate. Estimated monthly mortgage payment is about $4,054. |
The median home price in Hawaii is $850,000, compared to the national median of approximately $420,000. With a 0.28% average property tax rate and 0.3% insurance rate, Hawaii homeowners can expect an estimated monthly payment of about $5,373 on a median-priced home with 10% down at 6.75% interest.
Tips for Hawaii Residents
- 1Hawaii has a median home price around $850K. Highest median home prices in the US. Research local market conditions as prices vary significantly by city and neighborhood.
- 2Property taxes in Hawaii average 0.28%. Always verify your specific county's tax rate, as it directly impacts your monthly payment.
- 3Explore HHFDC mortgage programs for potential down payment assistance and favorable rates. Hawaii also offers Hawaii HomeOwnership Center Assistance. Check income limits and eligibility early in your home search.
- 4Leasehold properties have lower prices but ongoing lease rent; factor this into affordability. Budget 2-5% of the purchase price for closing costs including lender fees, title insurance, and prepaid expenses.
- 5Understand leasehold vs fee simple ownership as leasehold is common. A 0.25% rate difference on a $850K home can save thousands over the life of your loan, so shop at least 3-4 lenders before committing.
Frequently Asked Questions
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