Hawaii First-Time Homebuyer Calculator
First-time homebuyer costs in Hawaii: $29,050 FHA down payment, $20,750 closing costs, 0.28% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Hawaii. Includes down payment, closing costs (2.5%), PMI (required below 20% down), property tax (0.28%), and homeowners insurance ($1,250/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Hawaii homebuyer facts: Median price $830,000 | 20% down = $166,000 | FHA 3.5% down = $29,050 | Closing costs ~$20,750 | Property tax 0.28% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Hawaii?
For Hawaii's median home ($830,000): FHA minimum down payment is $29,050 (3.5%), plus $20,750 in closing costs. Total minimum: ~$49,800. With 20% down to avoid PMI: ~$186,750.
What are closing costs in Hawaii?
Hawaii closing costs average 2.5% of the home price, or about $20,750 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0.1%.
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