Hawaii variant. This is a Hawaii-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $855,000 and an effective property tax rate of 0.27%, a typical Hawaii mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Hawaii mortgage payment
On the $855,000 median home with 20% down ($171,000), you'd finance about $684,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $4,323/month.
Hawaii's 0.27% effective property tax adds about $192/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Hawaii
Hawaii has one of the most graduated income tax structures in the country, with many brackets and a top rate of 11%.
Hawaii has the lowest effective property tax rate in the nation, though sky-high home prices keep total housing costs among the highest.
Hawaii's economy depends heavily on tourism and the military, and its island geography drives one of the highest costs of living in the U.S.
Worked example: $855,000 home in Hawaii
Price $855,000, 20% down ($171,000), loan $684,000 at 6.5% for 30 years → P&I ≈ $4,323/mo. Add property tax ≈ $192/mo (0.27% of value ÷ 12). Total before insurance ≈ $4,516/mo.
Quick reference
- State income tax: 1.4-11% across 12 brackets (most in US)
- State sales tax: 4% (plus 0.50% avg local)
- Median home value: $855,000
- Median household income: $94,814
- Effective property tax rate: 0.27%
- Avg auto insurance: $1,351/yr
Frequently Asked Questions
How much is a mortgage on a $855,000 Hawaii home?
With 20% down at 6.5% over 30 years, principal and interest run about $4,323/month, before Hawaii's 0.27% property tax and insurance.
What is the property tax rate in Hawaii?
Hawaii's effective property tax rate is about 0.27% of home value per year.