Free mortgage payment calculator tailored for Hawaii (HI). Calculate instantly with state-specific rates and rules.
The median home value in Hawaii is $830,000. Hawaii remains the most expensive state for housing, second only to California in median price. Maui and Honolulu markets are driven by limited supply and strong demand from mainland buyers and retirees.
The conforming loan limit is $1,089,300. Hawaii qualifies for the maximum high-cost conforming limit of $1,089,300 statewide — the same as Alaska. Loans up to this amount qualify for standard Fannie Mae/Freddie Mac rates. Above this is jumbo territory with stricter requirements.
At the median home value of $830,000 with a 20% down payment ($166,000), you'd borrow $664,000. At 7% for 30 years, principal and interest runs approximately $4,418/month. Add property taxes (~$194/mo) and insurance (~$150/mo) for a total PITI estimate.
Budget for Hawaii's effective property tax rate of 0.28% (avg. bill: $2,741/year). Lenders include taxes in your PITI calculation and collect them monthly in escrow.
First-time buyers in Hawaii should budget for closing costs of approximately $7,400. Hawaii charges a conveyance tax ranging from 0.1% to 1.25% of sale price based on value thresholds. Properties over $10M face the highest rates. Title insurance and escrow fees are also elevated.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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