Hawaii mortgage payment calculator

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

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Hawaii at a glance

Median home price
$747,660
Typical closing costs
2%–4% of price
Transfer tax
0.2% of sale price, customarily paid by seller
Closing custom
escrow
Homestead exemption
Hawaii has no single state-level homestead exemption — each of the 4 counties independently administers its own owner-occupant 'home exemption' against the county real property tax, with amounts tiered by age. Honolulu (Oʻahu): $120,000 (under 65) / $160,000 (65+). Maui County: up to $200,000 (60+). Hawaiʻi County (Big Island): tiered $50,000 (under 60) up to $110,000 (75+). Kauaʻi County: $240,000 (60-69) / $260,000 (70+). Most require a one-time application with the county real property assessment/tax office by a county-specific annual deadline (commonly Sept 30 or Dec 31 of the preceding assessment year); some require periodic income recertification. The exemption also determines eligibility for the lower 'owner-occupant' state conveyance tax rate tier at sale (see transferTax).

First-time buyer / down payment assistance programs

  • Hale Kamaʻāina Mortgage Program (HHFDC)

    Hawaiʻi Housing Finance & Development Corporation's statewide first-mortgage program for first-time homebuyers (successor to the former Hula Mae Single Family Mortgage Program), offering a 30-year fixed-rate mortgage roughly 0.5 percentage points below prevailing market rates, with optional down payment assistance up to 4% of the purchase price as a second mortgage (1% simple interest, no monthly payment, potentially forgivable after 10 years of compliance). Subject to HHFDC's county-by-county income and purchase-price limits, updated annually to IRS mortgage revenue bond guidelines.

  • HHOC Mortgage Down Payment Assistance Loan (DPAL)

    Second-mortgage down payment/mortgage-insurance-avoidance loan of up to $125,000 offered by HHOC Mortgage, the mortgage-lending affiliate of the Hawaiʻi HomeOwnership Center (a HUD-approved 501(c)(3) nonprofit housing counseling agency serving the state). Interest is fixed at 4.5% or the first mortgage's rate, whichever is lower, amortized over 30 years, with no mortgage insurance and no prepayment penalty; requires at least a 3% down payment on the first mortgage, which must also be originated through HHOC Mortgage.

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Affordability calculator

Income, savings, and debts in — max home price and qualification signal out.

PMI removal calculator

When your PMI is scheduled to end, by law and by request.

Mortgage points calculator

Should you buy down your rate? Break-even and lifetime cost comparison.

Related reading

Closing Costs in Hawaii: What You'll Actually Pay

9 min read

Hawaii's 2-4% buyer closing-cost range sounds mild until you apply it to a $747,660 median price: $14,953 to $29,906, before you touch the down payment.

What Is PMI, and How Do You Get Rid of It?

15 min read

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

$4.99

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

$4.99

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.