Hawaii Mortgage Calculator
Estimate a monthly mortgage payment in Hawaii using the state's 0.28% effective property tax rate. Includes taxes, insurance, PMI and closing costs.
Hawaii at a glance
- Effective property tax rate
- 0.28%
- 51th highest of 51
- Median home value
- $739,000
- National: $408,800
- Median annual property tax
- $2,069
- National: $2,690
- Real estate transfer tax
- Yes
- Charged at closing
What a median-priced home costs per month in Hawaii
The median home in Hawaii is worth about $739,000. With 20% down ($147,800) on a 30-year loan at 6.5%, the principal and interest payment is roughly $3,737. Add Hawaii’s property tax at 0.28% of value ($172 a month) and homeowners insurance at the national average ($212 a month), and the full monthly cost lands near $4,121.
Using the standard 28% front-end guideline, a payment that size implies a household income of roughly $176,620 a year to qualify comfortably.
| Down payment | Loan | P&I | Tax | Insurance | PMI | Total |
|---|---|---|---|---|---|---|
| 20% ($147,800) | $591,200 | $3,737 | $172 | $212 | None | $4,121 |
| 10% ($73,900) | $665,100 | $4,204 | $172 | $212 | $333 | $4,921 |
Run your own numbers for Hawaii
The calculator below is preloaded with Hawaii’s median home price and its 0.28% property tax rate. Change any figure to match the home you are actually looking at.
Your numbers
- Principal & interest
- $3,737
- Property tax + insurance
- $384
- HOA
- $0
- PMI
- Not required (20%+ equity)
- Loan amount
- $591,200
- Loan-to-value (LTV)
- 80.0%
- Total interest paid
- $754,043
- Total of all payments
- $1,345,243
How Hawaii property tax compares
At 0.28%, Hawaii sits below the national average of 1.1% — a difference of 0.82 percentage points, or about $505 a month on a median-priced home here. Across all 50 states and the District of Columbia, it ranks 51 from the top.
Statewide figures hide a lot. Effective rates are set at the county, city and school-district level, so two homes of identical value an hour apart in Hawaii can carry very different bills. Check the county assessor’s published rate for the specific address before committing to a budget.
Closing costs in Hawaii
Buyers typically pay 2–5% of the purchase price at closing, which on the Hawaii median of $739,000 works out to roughly $14,780 to $36,950. That covers lender origination, appraisal, title insurance and settlement, recording fees, and prepaid escrow for taxes and insurance.
Hawaii levies a real estate transfer or deed tax, which is collected at closing. Who pays it — buyer, seller, or split — is set by state practice and is negotiable in the purchase contract, so confirm the allocation before you sign.
Total interest over 30 years
On the $591,200 loan above at 6.5%, total interest across the full term comes to about $754,043 — roughly 128% of the amount borrowed. Adding $200 a month to principal would retire the loan years early and cut that figure substantially; the mortgage payoff calculator shows exactly how much.
| State | Median value | Tax rate | Median tax bill |
|---|---|---|---|
| Hawaii | $739,000 | 0.28% | $2,069 |
| California | $659,000 | 0.71% | $4,679 |
| District of Columbia | $635,000 | 0.56% | $3,556 |
| Washington | $476,000 | 0.84% | $3,998 |
| Colorado | $472,000 | 0.51% | $2,407 |
| Massachusetts | $466,000 | 1.12% | $5,219 |
Mortgage calculators for other states
Disclaimer: estimates for general information only, not financial advice and not an offer of credit. Actual figures depend on your lender, credit profile and location.