Mortgage Calculator — Hawaii
Pre-filled with Hawaii's average home price of $800000, property tax rate of 0.27%, and average insurance of $1800/year. Adjust any value below.
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Hawaii Housing Market
Hawaii has the highest median home prices in the US and the lowest property tax rate. Supply is severely constrained by geography and zoning. Oahu dominates the market with single-family homes regularly exceeding $1M.
Affordability in Hawaii
Hawaii requires household incomes of $200,000+ to comfortably afford a median-priced home on Oahu. Condos and townhomes provide more accessible entry points but still require substantial down payments and high debt-to-income management.
Key Markets
First-Time Buyer Programs in Hawaii
Hula Mae Single Family
Below-market fixed-rate mortgage for first-time buyers, with income and price limits.
Hula Mae MCC
Mortgage Credit Certificate giving a yearly federal tax credit on part of your mortgage interest.
Programs are run by the Hawaii Housing Finance and Development Corporation (HHFDC). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Hawaii
Hawaii has the lowest effective property tax rates in the US. County home exemptions for owner-occupants reduce taxable value further, but high home prices mean dollar bills are still substantial. At Hawaii's average effective rate of 0.27%, a $800,000 home pays roughly $2,160/year (about $180/month).
Hawaii Conforming Loan Limit
In 2026, Hawaii's baseline conforming limit is $1,249,125, with a ceiling of $1,873,675 in the highest-cost counties.
Closing Costs in Hawaii
Hawaii's conveyance tax is tiered by price. It starts at $0.10 per $100 for owner-occupants below $600,000 and rises steeply for expensive homes and non-owner-occupants. The seller customarily pays it.
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