Quick answer
The median home in Honolulu costs $875K. With 20% down ($175K) at 7% for 30 years, the monthly payment is $4,657/month. Total interest paid over 30 years: $976,562.
Calculator · HI · 2026
Mortgage Calculator for Honolulu, HI (2026)
Pre-filled with Honolulu's median home price of $875K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Honolulu Mortgage Payment Scenarios
Median home price: $875K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $43,750 | $831,250 | $5,530 | $7,472 | $1,159,668 |
| 10% | $87,500 | $787,500 | $5,239 | $7,078 | $1,098,633 |
| 20% | $175,000 | $700,000 | $4,657 | $6,292 | $976,562 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Honolulu
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $875K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$875K home · 20% down ($700K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Honolulu?
The median home price in Honolulu is $875K. With 20% down and a 30-year loan at 7%, the monthly payment is $4,657. Adding estimated property taxes and insurance brings total monthly costs to approximately $5,532.
Is it cheaper to rent or buy in Honolulu?
A 2-bedroom rental in Honolulu averages $2,850/month. Buying the median $875K home with 20% down costs approximately $5,532/month (mortgage + taxes + insurance) — $2,682 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Honolulu?
Using the 28% housing rule, you need at least $200K–237K in annual gross income to comfortably afford the median $875K home in Honolulu with 20% down. You also need $175K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Honolulu?
HI has a state income tax rate of 11% (top). Property taxes vary by county but on a $875K home, expect $729–$1,458/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.