Down Payment Calculator for Hawaii

Down Payment Planning in Hawaii

With a median home value of $830,000 in Hawaii, here's what different down payment tiers look like:

• 3% (First-time buyer programs): $24,900
• 3.5% (FHA minimum): $29,100
• 10% (Avoid PMI with some lenders): $83,000
• 20% (Eliminate PMI entirely): $166,000

Conforming Loan Limits in Hawaii

The conforming loan limit in Hawaii is $1,089,300. Hawaii qualifies for the maximum high-cost conforming limit of $1,089,300 statewide — the same as Alaska. If your loan exceeds this, you'll need jumbo financing, which typically requires a 20%+ down payment.

Closing Costs to Plan For

Beyond your down payment, budget for closing costs of around $7,400 in Hawaii. Hawaii charges a conveyance tax ranging from 0.1% to 1.25% of sale price based on value thresholds. Properties over $10M face the highest rates. Title insurance and escrow fees are also elevated.

Property Tax Impact

Hawaii's effective property tax rate is 0.28% (average annual bill: $2,741). A larger down payment reduces your monthly mortgage but property taxes remain constant regardless of how much you put down.

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