Hawaii mortgage calculator

This mortgage calculator will help you estimate the costs of your mortgage loan. Get a clear breakdown of your potential mortgage payments with taxes and insurance included.
Hawaii housing market
Hawaii, the Aloha State, is among the least affordable states in the U.S. Hawaiians spend ~25% of their incomes on housing costs, a level that trails only California. Hawaii real estate is very desirable and housing prices reflect this reality. The real estate market is propped up in part by foreign and 'mainland' buyers, which comprise over 1/4 of all homes buyers. Potential buyers should also be aware that Hawaii homes tend to be smaller, with a much higher average price per square foot, even compared to California.

house icon
Your monthly payment
$1,599
30 year fixed loan term
Principal & interest

$1,163

Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Principal & interest

$1,163

Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30-year fixed
Your Input
15-year fixed
30-year fixed
Total Monthly Payment$1,599$2,067$1,528
Mortgage Rate4.125%2.774%*3.605%*
Total interest paid$178,737$53,658$153,056
* Data source: ©Zillow, Inc. 2006 – 2022. Use is subject to the Terms of Use
Amortization
See how your payments change over time for your 30-year fixed loan term
At year 0
30 year fixed loan term

Remaining
$240,000
Principal Paid
$0
Interest Paid
$0
Year 0
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1

30

Years

Play with the chart

Drag the slider to see how your payments change over time and gain insights.

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See latest mortgage rates
Get personalized mortgage rates from San Francisco, CA.
Principal & interest

$1,163

Loan term

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Hawaii mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate3.810%3.872%
20-year fixed-rate3.533%3.614%
15-year fixed-rate2.969%3.084%
7/1 ARM2.931%3.104%
5/1 ARM2.812%3.083%
30-year fixed-rate FHA2.375%3.057%
30-year fixed-rate VA3.166%3.507%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

3.872%
30-year fixed

Today’s mortgage rates in Hawaii are 3.872% for a 30-year fixed, 3.084% for a 15-year fixed, and 3.083% for a 5/1 adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

Enter your ZIP code to get started on a personalized lender match.

 

Hawaii's first-time home buyer programs

The Hawaii Housing Finance and Development Corporation, or HHFDC, offers several loan programs to help qualified first-time home buyers get a mortgage.

Affordable Resale Program

State program

Learn more

at HHFDC

Best for

Below-market prices

What you need to know

Qualified residents of Hawaii can buy housing units from the HHFDC at below market prices — from $250,000 for a studio to $500,000 for a three-bedroom single-family home — through the Affordable Resale Program. HHFDC defines a qualified resident as a U.S. citizen or resident alien who is at least 18...

See full article

Average property tax in Hawaii counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Hawaii. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

County
Avg. property tax rate
Avg. home value
Hawaii County0.33%$344,800
Honolulu County0.31%$680,200
Kauai County0.28%$560,600
Maui County0.24%$641,500

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

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The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: