Mortgage on a $550K house in Hawaii
$3,356 a month with 20% down — $2,960 principal and interest plus $121 property tax and $275 insurance.
Hawaii's typical property tax is 0.26% of the home's value a year (U.S. average 0.9%), which adds $121 a month on a $550K home. The typical home in Hawaii is worth $832,932, so $550K is 34% below the typical price.
$550K home in Hawaii: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $396 | $3,356 | $143,800 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $396 | $3,933 | $168,500 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $396 | $4,129 | $177,000 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $396 | $4,272 | $183,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.26% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Hawaii does $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Hawaii County | $574,749 | 0.28% | $3,364 |
0 of 4 Hawaii counties tracked by Zillow have a typical home value at or below $550K. See all Hawaii home prices.
Other prices in Hawaii
Frequently asked questions
What is the mortgage on a $550K house in Hawaii?
About $3,356 a month with 20% down at 7.11%: $2,960 principal and interest, $121 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Hawaii?
About $143,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Hawaii?
At Hawaii's typical effective rate of 0.26%, about $1,456 a year. Rates vary by county and city — see the county pages.