Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Hawaii mortgage costs
What a typical Hawaii (HI) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $840,000 |
|---|---|
| 10% down payment | $84,000 |
| Loan amount | $756,000 |
| Principal & interest (30yr @ 6.75%) | $4,903/mo |
| Property tax (0.29%) | $203/mo |
| Homeowners insurance | $133/mo |
| PMI (until 20% equity) | $315/mo |
| Estimated total monthly | $5,555/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Hawaii different
The lowest property tax rate in the country applied to the highest prices — the interest line, not escrow, dominates.
Property tax is the cheap part of owning here. At 0.29% the effective rate is the lowest in the country, which on a median $840,000 home is only $203 a month — $2,436 a year that buyers in higher-rate states simply have to find.
Renting deserves a serious look here. $840,000 to buy against $2,800 a month to rent is a price-to-rent ratio of 25.0, the highest in the country; at that level the deposit invested elsewhere is a real competitor rather than a consolation.
Hawaii is an expensive place to buy. The median $840,000 is the highest in the country and $497,500 above the national median, putting a 20% deposit at roughly $168,000 before any closing costs.
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