Hawaii · HI

Hawaii Mortgage Calculator

Pre-filled for Hawaii: median home price $850,000, average property tax rate 0.27%. Adjust any slider to make it yours.

Lowest property tax rate in the US, but highest median home prices.

Hawaii housing at a glance

Median home price: $850,000
Effective property tax rate: 0.27% / yr
Annual property tax (median home): $2,295
Est. monthly tax escrow: $191
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Hawaii

The median home price in Hawaii is around $850,000 and the effective property tax rate averages 0.27%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Hawaii is $170,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Hawaii

Hawaii's conveyance tax ranges from $0.10 to $1.25 per $100 of price, depending on price tier and whether the buyer claims a homeowner exemption.

Beyond transfer taxes, total closing costs in Hawaiitypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $17,000–$42,500.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Recourse

Hawaii mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Hawaii?: At the current 30-year fixed rate of ~6.81%, a $850,000 home in Hawaii with 20% down ($170,000) carries a principal-and-interest payment of ~$4,438/mo. Add property tax (~$191/mo at 0.27%) and homeowners insurance and your total is roughly $4,629/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Hawaii?: The effective statewide property tax rate in Hawaii averages 0.27% of assessed value per year. On a $850,000 home, that works out to roughly $2,295 per year ($191/mo). Individual county rates vary.
Does Hawaii have a state income tax?: Yes, Hawaii has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Hawaii?: Hawaii's conveyance tax ranges from $0.10 to $1.25 per $100 of price, depending on price tier and whether the buyer claims a homeowner exemption.
What type of foreclosure does Hawaii use?: Hawaii uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property.

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