Mortgage Rates in Hilo, Hawaii — March 2026
Updated March 2026 | Based on Hilo market data and regional lending conditions
Hilo is a growing city in Hawaii with a population of 45,703. The current 30-year fixed mortgage rate in Hilo is 6.53%, which is 0.12% below the national average. With a median home price of $455,000 and a 20% down payment of $91,000, homebuyers can expect a monthly principal and interest payment of approximately $2,308.
Current Mortgage Rates in Hilo, HI
Below are the current average mortgage rates available in the Hilo area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.53% | 6.65% | -0.12% |
| 15-Year Fixed | 5.77% | 5.89% | -0.12% |
| 5/1 ARM | 6.03% | 6.15% | -0.12% |
| FHA | 6.13% | 6.25% | -0.12% |
| VA | 5.93% | 6.05% | -0.12% |
| Jumbo | 6.73% | 6.85% | -0.12% |
Hilo Housing Market Overview
The Hilo housing market reflects moderate demand with prices near the national average. The median household income in Hilo is $55,250, and the cost of living index is 155.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $103,457 to comfortably afford the median-priced home in Hilo, which exceeds the current median household income.
Monthly Payment Breakdown for Hilo
Based on the median home price of $455,000 with 20% down ($91,000), here is what you can expect to pay monthly in Hilo:
15-Year vs. 30-Year Mortgage in Hilo
Choosing a 15-year mortgage in Hilo at 5.77% instead of a 30-year at 6.53% would save you $286,020 in total interest over the life of the loan. However, your monthly payment would be $3,027 instead of $2,308 — an increase of $719 per month.
Calculate Your Hilo Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Hilo
What are the current mortgage rates in Hilo, HI?
As of March 2026, the average 30-year fixed mortgage rate in Hilo, Hawaii is 6.53%, while the 15-year fixed rate is 5.77%. FHA loans average 6.13% and VA loans 5.93%. These rates are 0.12% below the national average of 6.65%.
How much is a monthly mortgage payment in Hilo?
Based on the median home price of $455,000 with 20% down, the estimated monthly mortgage payment in Hilo is $2,308 for principal and interest. Including property taxes of $106/month, the total monthly housing cost is approximately $2,414.
What income do I need to buy a home in Hilo?
Using the 28% rule, you would need an annual income of approximately $103,457 to afford the median-priced home in Hilo at $455,000. The median household income in Hilo is $55,250. This means most households would need to either earn above the median or consider homes below $455,000.
Is Hilo a good place to buy a home in 2026?
Hilo has a higher cost of living than average with a cost of living index of 155.5 (national average = 100). The property tax rate in Hawaii is 0.28%, which is below the national average. Hilo has a population of 45,703 and offers a balanced lifestyle.
Mortgage Rates in Other Hawaii Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hilo, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.