Typical Hawaii mortgage payment
The median home price in Hawaii is roughly $840,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $6,643 | $4,509 |
| 5.50% | $6,864 | $4,769 |
| 6.00% | $7,088 | $5,036 |
| 6.50% | $7,317 | $5,309 |
| 7.00% | $7,550 | $5,589 |
| 7.50% | $7,787 | $5,873 |
| 8.00% | $8,027 | $6,164 |
| 8.50% | $8,272 | $6,459 |
| 9.00% | $8,520 | $6,759 |
| 9.50% | $8,771 | $7,063 |
| 10.00% | $9,027 | $7,372 |
What a Hawaii mortgage really costs (PITI)
Principal & interest alone would run about $5,309/month at 6.50% over 30 years. But Hawaii's property tax - roughly 0.29% of home value per year here - adds about $203/month, and estimated homeowners insurance adds around $245/month. Your real total monthly payment (PITI) on a $840,000 Hawaii home is closer to $5,757/month.
Using the standard 28%-of-income guideline, comfortably affording this home takes a household income around $246,744/year. A 20% down payment here is $168,000.
What affects your Hawaii payment?
- Property tax above is a statewide estimate - your county's actual rate may differ.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price, property tax rate and insurance are approximate estimates, not county-specific figures. Not financial advice.