Mortgage Calculator Hawaii 2026: Payment, PMI & Conveyance Tax
This mortgage calculator for Hawaii estimates your full monthly payment — principal & interest, property tax, homeowners insurance and PMI — plus Hawaii’s state conveyance tax. Enter your own rate; everything is calculated privately in your browser.
A mortgage calculator for Hawaii estimates the full monthly cost of a Hawaii home loan: principal and interest from standard amortization, plus property tax, homeowners insurance and private mortgage insurance (PMI) when you put down less than 20%. It also shows Hawaii’s state conveyance tax, a tiered rate per $100 of the sale price that the seller normally pays.
How the Mortgage Calculator Hawaii Formula Works (Worked Example)
Principal and interest use the standard amortization formula M = P × r(1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12) and n the number of payments. Property tax is the home price × your local rate ÷ 12, insurance is your annual premium ÷ 12, and PMI is the loan amount × your PMI rate ÷ 12. Example: an $800,000 Hawaii home, 10% down, 30-year fixed at a user-entered 6.5% (click Load Example above to reproduce it).
| Item | Inputs | Monthly |
|---|---|---|
| Principal & interest | $720,000 loan, 6.5%, 360 payments | $4,550.89 |
| Property tax | 0.29% of $800,000 ($2,320/yr) | $193.33 |
| Homeowners insurance | $1,200/yr (example — use your quote) | $100.00 |
| PMI | 0.6% of $720,000 ($4,320/yr) | $360.00 |
| Total monthly payment | $5,204.22 | |
| Conveyance tax (one-time, usually seller) | $800,000 ÷ 100 × $0.20 | $1,600.00 |
Over 30 years this loan pays about $918,320 in interest. Your rate is an input, not an assumption — check the current weekly national average in Freddie Mac’s Primary Mortgage Market Survey and compare lender Loan Estimates.
Hawaii Property Tax Rate and Your Monthly Payment
Hawaii has the lowest effective property tax rate on owner-occupied homes in the US: 0.29% of home value, according to the Tax Foundation (2026 edition, based on Census American Community Survey data). Property tax in Hawaii is set by each county — Honolulu, Maui, Hawaii and Kauai — with separate rates per $1,000 of net taxable value for each property class, and owner-occupants who file for the county home exemption pay tax on a lower value. Second homes and investment properties are usually in a higher-rate class, so use your county’s current rate for the class your home will fall in.
| Property tax rate | Annual tax on $800,000 | Added to monthly payment |
|---|---|---|
| 0.20% | $1,600 | $133.33 |
| 0.29% (state effective rate) | $2,320 | $193.33 |
| 0.41% | $3,280 | $273.33 |
Hawaii Closing Costs: State Conveyance Tax
Hawaii charges a statewide conveyance tax under HRS § 247-2, not separate county transfer taxes. The rate depends on the sale price and on whether the buyer is eligible for a county homeowner’s exemption, and the single rate for your bracket applies to the whole price. The seller customarily pays it. The rates below are from the Tax Foundation of Hawaii’s conveyance tax guide; the calculator uses the owner-occupant column.
| Sale price | Conveyance tax rate | Usually paid by |
|---|---|---|
| Under $600,000 | $0.10 per $100 (owner-occupant) / $0.15 (all others) | Seller |
| $600,000 to under $1 million | $0.20 / $0.25 per $100 — $1,600 on $800,000 (owner-occupant) | Seller |
| $1 million to under $2 million | $0.30 / $0.40 per $100 | Seller |
| $2 million to under $4 million | $0.50 / $0.60 per $100 | Seller |
| $4 million to under $6 million | $0.70 / $0.85 per $100 | Seller |
| $6 million to under $10 million | $0.90 / $1.10 per $100 | Seller |
| $10 million and over | $1.00 / $1.25 per $100 | Seller |
| Other closing item | Amount | Usually paid by |
|---|---|---|
| Escrow deposits for tax and insurance | Set by your lender — see your Loan Estimate | Buyer |
| Lender, appraisal and title charges | Vary by lender and title company — compare Loan Estimates | Negotiable |
Some costs are negotiable, and sellers sometimes cover part of a buyer’s closing costs as a concession.
How Hawaii Mortgage Rates Affect Your Payment
Rates in Hawaii follow national mortgage markets and vary by lender, credit score, down payment and loan type. On an $840,000 home with 20% down, an example rate of 6.7% produces a monthly principal and interest payment of approximately $4,336. A 0.25-point rate increase adds roughly $112 to that payment, so shopping multiple lenders can save thousands over the life of the loan.
Adjustable-rate mortgages (ARMs) often start lower but carry rate-reset risk, which is why many Hawaii homebuyers choose 30-year fixed loans for payment predictability. FHA loans (3.5% down) and VA loans (0% down for eligible veterans) are also available in Hawaii.
First-Time Buyer Programs in Hawaii
The Hawaii Housing Finance and Development Corporation (HHFDC) runs homebuyer programs, and VA loans are widely used by military households in Hawaii. Check current income limits, purchase-price limits and terms before you apply.
FHA loans are available nationwide and require only 3.5% down with a 580+ credit score — an option for first-time buyers in Hawaii who have limited savings. USDA loans offer 0% down for eligible rural properties in Hawaii. VA loans are available to qualified veterans and active-duty service members with no down payment required and no PMI.
If your down payment is below 20%, Private Mortgage Insurance (PMI) on the $720,000 example loan adds $360.00/month at a 0.6% annual rate. The Urban Institute puts typical PMI at roughly 0.46%–1.5% of the loan per year depending on credit score. PMI can be removed once your loan-to-value ratio reaches 80%, so extra payments accelerate the timeline to dropping PMI.
Last updated: October 2026. Estimates only — confirm figures with your lender and local tax office.
Frequently Asked Questions
What is the average mortgage rate in Hawaii in 2026?
Hawaii mortgage rates track national averages and change weekly. Check the Freddie Mac Primary Mortgage Market Survey for the current 30-year fixed average, then compare quotes from several lenders - your rate depends on credit score, down payment and loan type.
What is the average monthly mortgage payment in Hawaii?
For an $840,000 home with 20% down at an example rate of 6.7%, the estimated PITI (principal, interest, taxes and insurance) is about $4,639 a month, assuming a 0.29% property tax rate and $1,200 a year for insurance. Your payment depends on your price, rate, local tax rate and insurance quote.
Do I need PMI in Hawaii?
Yes — if your down payment is less than 20%, lenders in Hawaii require Private Mortgage Insurance (PMI) on conventional loans. The Urban Institute puts typical PMI at about 0.46%–1.5% of the loan amount per year, depending on credit score. PMI is removed once you reach 20% equity.
What is the average home price in Hawaii?
Home prices vary widely by city and county in Hawaii, and medians change monthly. The $840,000 default in this calculator is an example, not a market median - enter the price of the home you are considering, or check current local sales data from your agent or the state Realtors association.
What is the property tax rate in Hawaii?
Hawaii’s effective property tax rate on owner-occupied homes is 0.29% according to the Tax Foundation, the lowest in the US - about $2,436 a year on an $840,000 home. Each county sets its own rates by property class, and owner-occupants who file for the county home exemption pay tax on a lower value.
How much is the conveyance tax in Hawaii?
Hawaii charges a state conveyance tax under HRS 247-2 that rises with the sale price. When the buyer qualifies for a county homeowner exemption it is $0.10 per $100 under $600,000 and $0.20 per $100 from $600,000 to under $1 million - $1,600 on an $800,000 home. Other sales pay higher rates. The seller customarily pays it.
What is the monthly payment on an $800,000 house in Hawaii?
With 10% down and a 30-year fixed loan at 6.5%, principal and interest is about $4,551 a month. Adding 0.29% property tax ($193), $1,200 a year insurance ($100) and 0.6% PMI ($360) brings the total to about $5,204 a month.