Hawaii Down Payment Calculator 2026 — How Much to Save

Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation

Quick Answer

For the Hawaii median home price of $780,000, you need: $23,400 for a 3% conventional loan, $27,300 for FHA (3.5%), $78,000 for 10% down (lower PMI), or $156,000 for 20% (no PMI). VA and USDA loans offer 0% down for eligible buyers.

Hawaii Housing & Mortgage Data

Median Home Price$780,000
30-Year Fixed Rate7.05%(State average, Apr 2026)
Property Tax Rate0.28%(Effective rate)
Avg HO Insurance$1,300/yr ($108/mo)
Typical Down Payment15% ($117,000)
Median Household Income$86,000/yr

Key Facts for Hawaii

  • ✓Hawaii median home price is $780,000 as of 2026
  • ✓30-year fixed mortgage rates in Hawaii average 7.05%
  • ✓Property taxes in Hawaii are 0.28% — below the national average of 1.10%
  • ✓Homeowners insurance averages $1,300/year in Hawaii
  • ✓A household earning $195,000/year can typically afford the median Hawaii home

More Hawaii Calculators

Mortgage CalculatorMortgage Affordability CalculatorHomeowners Insurance CalculatorProperty Tax Calculator

Frequently Asked Questions — Down Payment Calculator in Hawaii

Are there down payment assistance programs in Hawaii?
Yes. Hawaii offers state-level down payment assistance (DPA) programs through its Housing Finance Agency. Programs typically offer 2–5% of the purchase price as a forgivable grant or low-interest second loan for first-time buyers who meet income and purchase price limits. Search "Hawaii Housing Finance Agency" for current programs.
Is a 20% down payment required to buy a home in Hawaii?
No. The 20% down payment is a myth. Conventional loans start at 3% down, FHA loans at 3.5% down, and VA/USDA loans offer 0% down for eligible buyers. The tradeoff: anything below 20% requires PMI on a conventional loan. On a $780,000 home, 20% down is $156,000 vs $23,400 for 3% down.
What is the average mortgage payment in Hawaii?
The average monthly mortgage payment (principal + interest) in Hawaii is approximately $4,433 for a $663,000 loan at 7.05% over 30 years. Adding property tax ($182/mo) and homeowners insurance ($108/mo) brings total PITI to about $4,723/month.
What credit score do I need for a mortgage in Hawaii?
Most Hawaii lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Hawaii, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $99,450 over the life of a 30-year loan.
How much down payment is required to buy a home in Hawaii?
You can buy a home in Hawaii with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Hawaii median home price of $780,000, a 20% down payment is $156,000 and lets you avoid PMI. Hawaii also has state-level down payment assistance programs for first-time buyers.
What are current mortgage rates in Hawaii?
Current 30-year fixed mortgage rates in Hawaii average 7.05% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Hawaii mortgage rate.
What is the property tax rate in Hawaii?
Hawaii's effective property tax rate is 0.28%. On the Hawaii median home value of $780,000, annual property taxes are approximately $2,184 ($182/month). Property taxes in Hawaii are typically escrowed in your monthly mortgage payment.