Finance · Hawaii

Hawaii Mortgage Calculator (2026)

Calculate your monthly payment with Hawaii-specific property tax (0.32%) and average insurance ($1,100/yr).

Hawaii defaults: property tax ≈ 0.32% of home value · homeowners insurance ≈ $1,100/year · median home value ≈ $837,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$5,640.43
PITI + PMI/MIP

Payment breakdown

Principal & interest
$5,011.72
Property tax
$223.17
Insurance
$91.67
PMI
Drops month 115
$313.88
Total monthly
$5,640.43

Loan summary

Loan amount
90.0% LTV
$753,300
Total interest paid
$1,050,921

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$617.47$4,394.25$313.88$752,683
2$621.08$4,390.65$313.88$752,061
3$624.70$4,387.03$313.88$751,437
4$628.34$4,383.38$313.88$750,808
5$632.01$4,379.72$313.88$750,176
6$635.69$4,376.03$313.88$749,541
7$639.40$4,372.32$313.88$748,901
8$643.13$4,368.59$313.88$748,258
9$646.88$4,364.84$313.88$747,611
10$650.66$4,361.07$313.88$746,961
11$654.45$4,357.27$313.88$746,306
12$658.27$4,353.45$313.88$745,648
24$705.86$4,305.87$313.88$737,443
36$756.88$4,254.84$313.88$728,644
48$811.60$4,200.12$313.88$719,210
60$870.27$4,141.45$313.88$709,093
72$933.18$4,078.54$313.88$698,245
84$1,000.64$4,011.08$313.88$686,613
96$1,072.98$3,938.75$313.88$674,141
108$1,150.54$3,861.18$313.88$660,766
120$1,233.72$3,778.01$646,425
132$1,322.90$3,688.82$631,047
144$1,418.53$3,593.19$614,557
156$1,521.08$3,490.64$596,875
168$1,631.04$3,380.68$577,915
180$1,748.95$3,262.78$557,584
192$1,875.38$3,136.34$535,784
204$2,010.95$3,000.77$512,407
216$2,156.32$2,855.40$487,341
228$2,312.20$2,699.52$460,463
240$2,479.35$2,532.37$431,641
252$2,658.58$2,353.14$400,737
264$2,850.77$2,160.95$367,598
276$3,056.86$1,954.87$332,063
288$3,277.84$1,733.89$293,960
300$3,514.79$1,496.93$253,102
312$3,768.88$1,242.85$209,291
324$4,041.33$970.39$162,312
336$4,333.48$678.25$111,937
348$4,646.74$364.98$57,921
360$4,982.66$29.07$0

What the payment actually costs

Hawaii property tax averages 0.32% of value — 51st highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $1,280 a year, or $107 a month added to principal and interest.

Homeowners insurance runs about $1,100 a year in Hawaii, 41st of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $198 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

The trade-off runs the other way here. Hawaii property tax is low at 0.32% — 51st of 51 — but the state does tax income. Owners get off comparatively lightly; the cost shows up on the pay stub instead, which favours buyers with modest incomes and large homes over high earners in small ones.

Housing costs compound with the rate. Hawaii runs about 15% above national-average costs, so the same 0.32% rate applies to a larger assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in Hawaii?
Hawaii's effective property tax rate is approximately 0.32% of home value per year. On a $837,000 home, that's about $2,678 per year (or $223/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in Hawaii?
The average annual homeowners insurance premium in Hawaii is around $1,100 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a Hawaii mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in Hawaii?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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