Hawaii mortgage calculator
Prefilled with Hawaii’s numbers, not national averages. The effective property tax rate here is 0.29% and the average homeowners premium is about $1,300 a year. Both are already in the calculator below.
Hawaii mortgage calculator
Principal and interest schedule
Tax and insurance are collected alongside the loan but are not part of it, so they are excluded here.
What Hawaii actually costs a homeowner
Lowest effective rate in the nation by a wide margin, entirely offset by the highest median home value in the country.
On the state median home value of $887,100, the property tax bill works out at roughly $2,573 a year, or $214 a month before anything else. That is below the national effective rate of 0.86% — 0.3 times the US average.
Insurance is the other half of the escrow payment. At about $1,300 a year, Hawaii sits below the national average of roughly $2,400. Together, tax and insurance add around $323 a month to the loan payment on a median-priced home here.
Why your bill will differ
The figure above is a state average, and property tax is set locally. Two houses of the same value in different counties of Hawaii can carry bills that differ by thousands. Check your county assessor before treating any estimate as final, and check whether a homestead exemption applies to you — in most states it does, and in several it is substantial.
A low rate, which is not the same as a low bill
At 0.29% Hawaii has one of the lowest effective rates in the country. Whether that translates into a small bill depends entirely on value: the state median of $887,100 produces about $2,573 a year, but the same rate on a $1,774,200 home is $5,145. Rate rankings flatter states with expensive housing.
Insurance is cheap here, and that matters
About $1,300 a year against a national average near $2,400. On a median-priced home that is roughly $92 a month less than a buyer in a coastal state pays for identical coverage — worth about $14,103 of additional borrowing power at current rates.
Tax and insurance are close to balanced
About $2,573 in tax against $1,300 in insurance, so neither dominates the escrow payment. Together they add roughly $323 a month before any principal or interest — the part of a housing budget that does not fall as you pay the loan down.
Stepping up from the median
At $1,330,000 — about half again the Hawaii median — the annual tax becomes $3,857 and the escrow portion of the payment rises to roughly $430 a month. With 20% down at 6.5% over thirty years, the all-in payment is about $7,155.
High values change the arithmetic
The median home here is $887,100, well above the national figure. A 20% deposit is $177,420, and every tenth of a point on the rate costs about $59 a month more than it would on a median US home. Rate shopping is worth proportionally more in expensive markets.
Comparison with neighbouring states
Hawaii and its neighbours
| State | Effective rate | Median home value | Median tax bill |
|---|---|---|---|
| Hawaii | 0.29% | $887,100 | $2,573 |
| Arizona | 0.45% | $336,300 | $1,513 |
| Alabama | 0.41% | $180,400 | $740 |
Effective rate is median real-estate tax paid divided by median home value. Insurance figures are broad state averages and move quickly, especially on the Gulf coast. Both are estimates for orientation, not quotes.
Tax and insurance by price in Hawaii
| Home price | Annual tax | Tax / mo | Insurance / mo | Escrow / mo |
|---|---|---|---|---|
| $150,000 | $435 | $36 | $108 | $145 |
| $250,000 | $725 | $60 | $108 | $169 |
| $350,000 | $1,015 | $85 | $108 | $193 |
| $500,000 | $1,450 | $121 | $108 | $229 |
| $750,000 | $2,175 | $181 | $108 | $290 |
Property tax at the Hawaii effective rate of 0.29%. Insurance held at the state average, which understates it on larger homes.
Guides that explain this
Written with the same engine, so every figure agrees with the calculator.
The first-time buyer's mortgage guideWhat lenders really check, how much deposit you need, every closing cost itemised, and why your payment jumps in year two.12 min read
APR vs interest rate: what actually separates themWhat separates APR from the interest rate, which fees are included, and why APR quietly flatters a loan you will not keep for its full term.8 min read
How your credit score sets your interest rateWhat a credit score is built from, how score bands translate into real rate differences and dollars, and which actions move a score quickly versus slowly.10 min read
Questions people actually ask
What is the property tax rate in Hawaii?
The effective rate is about 0.29%, measured as median real-estate tax paid divided by median home value. On the state median home value of $887,100 that is roughly $2,573 a year. Local rates vary considerably within the state.
How much is homeowners insurance in Hawaii?
The state average runs around $1,300 a year, below the national average of roughly $2,400. Premiums vary widely by construction, claims history and distance from the coast.
What is the monthly payment on a median-priced home in Hawaii?
With 20% down on the $887,100 median value at 6.5% over 30 years, principal and interest come to about $4,488 a month, plus roughly $323 for tax and insurance.