This calculator starts with Hawaii’s statewide averages: property tax of 0.27% of the price per year and homeowners insurance of $738 per year. They are estimates — replace them with your local rate (or the home’s actual tax bill) and a real insurance quote for an exact payment.
Monthly payment on a typical Hawaii home
The median owner-occupied home in Hawaii is worth $875,900 (U.S. Census Bureau, 2024 ACS 1-year). Here is the full monthly payment on a $875,000 home with a 30-year fixed loan at 7.03%, the Freddie Mac 30-year average for the week ending September 24, 2026, with 20% down and with 5% down:
| Monthly cost | 20% down | 5% down |
|---|---|---|
| Home price | $875,000 | $875,000 |
| Down payment | $175,000 | $43,750 |
| Loan amount | $700,000 | $831,250 |
| Principal & interest | $4,671.23 | $5,547.09 |
| Property tax (0.27% a year) | $196.88 | $196.88 |
| Homeowners insurance | $61.50 | $61.50 |
| PMI (0.5% of the loan a year) | $0.00 | $346.35 |
| Total monthly payment | $4,929.60 | $6,151.81 |
| Total interest over 30 years | $981,643 | $1,165,701 |
Putting 5% down instead of 20% raises the payment by $1,222 a month: $876 more in principal and interest on the bigger loan plus $346 for private mortgage insurance. PMI drops off automatically after about 11 years 10 months, when the balance is scheduled to reach 78% of the home’s original value (if your payments are current). Property tax and insurance make up 5% of the 20%-down payment.
Hawaii mortgage payments by home price
Monthly payments at 7.03% for 30 years with Hawaii’s 0.27% property tax rate and $738 a year of insurance. The highlighted row is the median-priced home. Insurance in real life rises with the home’s rebuild cost; this table holds it constant.
| Home price | Principal & interest | Property tax | Insurance | Total, 20% down | Total, 5% down + PMI |
|---|---|---|---|---|---|
| $200,000 | $1,068 | $45 | $62 | $1,174 | $1,454 |
| $250,000 | $1,335 | $56 | $62 | $1,452 | $1,802 |
| $300,000 | $1,602 | $68 | $62 | $1,731 | $2,150 |
| $400,000 | $2,135 | $90 | $62 | $2,287 | $2,846 |
| $500,000 | $2,669 | $113 | $62 | $2,843 | $3,542 |
| $600,000 | $3,203 | $135 | $62 | $3,400 | $4,238 |
| $700,000 | $3,737 | $158 | $62 | $3,956 | $4,934 |
| $800,000 | $4,271 | $180 | $62 | $4,512 | $5,630 |
| $875,000 | $4,671 | $197 | $62 | $4,930 | $6,152 |
Hawaii property tax rate and insurance costs
At 0.27%, Hawaii has the lowest effective property tax rate among the 50 states and D.C. — 64% lower than the middle state’s 0.75%. Its average homeowners insurance premium of $738 a year is the lowest of the 51.
| Measure | Hawaii | Middle state (median of 51) | Source |
|---|---|---|---|
| Effective property tax rate | 0.27% | 0.75% | Census (2024 ACS 1-year): median tax ÷ median value |
| Effective rate, aggregate method | 0.29% | Tax Foundation (ACS 2020–2024) | |
| Property tax rate rank (1 = highest) | 51 of 51 | Computed from the Census rates | |
| Median home value | $875,900 | $341,900 | Census (2024 ACS 1-year), table B25077 |
| Median property taxes paid | $2,385 / yr | $2,937 / yr | Census (2024 ACS 1-year), table B25103 |
| Average homeowners insurance | $738 / yr | $2,397 / yr | Insurance.com, 2026 ($300K dwelling) |
| Second insurance estimate | $1,500 / yr | Insurify, 2026 ($300K dwelling) | |
| Insurance rank (1 = most expensive) | 51 of 51 | Computed from the Insurance.com averages |
Insurance costs vary widely in Hawaii. The two 2026 surveys we checked put the average premium at $738 and $1,500, which differ by 68%, so treat the preset as a rough starting point and get quotes. Both rate surveys price a standard policy with $300,000 of dwelling coverage; the Census figures describe all owner-occupied homes, not recent purchases.
Notes on the Hawaii data:
- Insurance.com notes standard Hawaii homeowners policies exclude hurricane damage (separate hurricane coverage required), which helps explain its very low figure; Insurify's 2026 $300K average is $1,500.
Hawaii vs. California
The same $400,000 home with 20% down at 7.03% costs $2,287 a month in Hawaii. Principal and interest ($2,135) are identical everywhere, so the differences below come only from each state’s average property tax rate and insurance premium. The “middle state” row uses the median rate (0.75%) and median premium ($2,397) of all 51. Hawaii shares no land border with another state, so it is compared with California, the closest state.
| State | Property tax rate | Insurance / yr | Monthly payment | vs. Hawaii |
|---|---|---|---|---|
| Hawaii | 0.27% | $738 | $2,287 | — |
| California | 0.71% | $1,653 | $2,510 | +$223 |
| Middle state (median) | 0.75% | $2,397 | $2,585 | +$298 |
See property tax rates and insurance costs for every state.
What drives housing costs in Hawaii
On the $875,000 example home, property tax is the larger add-on to the loan payment in Hawaii: $197 a month versus $62 for insurance (about 3.2 times as much). Hawaii’s median home value of $875,900 is 156% above the middle state’s $341,900, and each extra $50,000 of price adds about $278 to the monthly payment with 20% down at 7.03%.
- Local property tax rates. Property taxes are levied mainly by local governments — such as counties, cities, school districts and special districts — so bills in Hawaii can sit well above or below the 0.27% statewide average. Your local assessor or tax collector can tell you the rates that apply to a specific address.
- Exemptions and assessment limits. Many states offer homestead exemptions or credits for owner-occupied homes, and some limit how fast a home’s assessed value can rise. Where limits reset when a home sells, a new buyer usually pays a higher effective rate than the statewide figure, which averages long-time owners and recent buyers.
- Insurance risk and coverage. Premiums depend on the cost to rebuild, local weather and wildfire risk, the roof’s age, your deductible and claims history. Most homeowners policies do not cover flood damage; flood insurance is a separate policy.
- Down payment and PMI. With less than 20% down on a conventional loan, PMI adds to the payment until it is canceled: automatically when the balance is scheduled to reach 78% of the original value, or earlier at your request at 80%.
- HOA dues and extra costs. Condos and many newer subdivisions charge HOA dues. Add them in the calculator’s “Taxes, insurance, PMI & HOA” section to see your true monthly cost.
How to use this calculator
- Enter the price and down payment. The price starts at Hawaii’s median home value, rounded to $875,000.
- Set your loan term and rate from a lender quote or loan estimate.
- Replace the tax and insurance estimates. Switch property tax to “$ / yr” to enter the home’s actual tax bill, and use your insurance quote.
- Add HOA dues and extra payments, then copy the link to save or share your scenario.
To see what price fits your income, try the house affordability calculator, and check your ratios with the debt-to-income calculator.
Frequently asked questions
What is the mortgage payment on a median-priced home in Hawaii?
About $4,930 a month. That assumes a $875,000 home (near Hawaii’s $875,900 median value), 20% down and a 30-year fixed loan at 7.03%: $4,671 in principal and interest, $197 in property tax and $62 in homeowners insurance. With 5% down, the payment rises to about $6,152 because the loan is larger and PMI is added.
What is the property tax rate in Hawaii?
The statewide effective rate is about 0.27% of home value: the median homeowner paid $2,385 in real estate taxes on a median home worth $875,900 (U.S. Census Bureau, 2024 ACS 1-year). That is the lowest rate among the 50 states and D.C. The Tax Foundation’s aggregate method gives 0.29%. Your own bill depends on where the home is, how it is assessed and any exemptions you qualify for.
How much is homeowners insurance in Hawaii?
Two 2026 rate surveys put the average at $738 (Insurance.com) and $1,500 (Insurify) a year for a policy with $300,000 of dwelling coverage, or roughly $62 a month. The two estimates differ by 68%, a sign that premiums vary widely. Your premium depends on the rebuild cost, location, roof age, deductible and claims history, so compare quotes before you buy.
How much are property taxes on a $400,000 home in Hawaii?
About $1,080 a year, or $90 a month, at Hawaii’s 0.27% statewide effective rate. At the middle state’s rate of 0.75%, the same home would owe $3,000. Actual bills vary with local rates, assessments and exemptions, and in states that cap assessment increases a sale can reset the assessment to market value, so check the home’s current tax bill before you buy.
Is Hawaii more expensive for homeowners than California?
For the same $400,000 home, the monthly payment is $223 lower in Hawaii than in California: $2,287 versus $2,510 with 20% down at 7.03%. The loan payment is identical, so the gap comes entirely from property tax and insurance. Home prices differ too: the median home is worth $875,900 in Hawaii and $759,500 in California.
How long will I pay PMI with 5% down in Hawaii?
On a $875,000 home with 5% down, PMI at 0.5% of the loan a year adds about $346 a month. Under the federal Homeowners Protection Act, if you are current on payments, the servicer must cancel PMI automatically when the balance is scheduled to reach 78% of the home’s original value — about 11 years 10 months into the loan at 7.03%. You can ask to cancel it earlier, at 80%, if you have a good payment history.