Mortgage Rates in Honolulu, Hawaii — March 2026
Updated March 2026 | Based on Honolulu market data and regional lending conditions
Honolulu is a mid-sized city in Hawaii with a population of 350,964. The current 30-year fixed mortgage rate in Honolulu is 6.53%, which is 0.12% below the national average. With a median home price of $875,000 and a 20% down payment of $175,000, homebuyers can expect a monthly principal and interest payment of approximately $4,438.
Current Mortgage Rates in Honolulu, HI
Below are the current average mortgage rates available in the Honolulu 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% |
Honolulu Housing Market Overview
The Honolulu housing market is competitive with prices well above the national median. The median household income in Honolulu is $80,620, and the cost of living index is 186.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $198,943 to comfortably afford the median-priced home in Honolulu, which exceeds the current median household income.
Monthly Payment Breakdown for Honolulu
Based on the median home price of $875,000 with 20% down ($175,000), here is what you can expect to pay monthly in Honolulu:
15-Year vs. 30-Year Mortgage in Honolulu
Choosing a 15-year mortgage in Honolulu at 5.77% instead of a 30-year at 6.53% would save you $550,080 in total interest over the life of the loan. However, your monthly payment would be $5,820 instead of $4,438 — an increase of $1,382 per month.
Calculate Your Honolulu 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 Honolulu
What are the current mortgage rates in Honolulu, HI?
As of March 2026, the average 30-year fixed mortgage rate in Honolulu, 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 Honolulu?
Based on the median home price of $875,000 with 20% down, the estimated monthly mortgage payment in Honolulu is $4,438 for principal and interest. Including property taxes of $204/month, the total monthly housing cost is approximately $4,642.
What income do I need to buy a home in Honolulu?
Using the 28% rule, you would need an annual income of approximately $198,943 to afford the median-priced home in Honolulu at $875,000. The median household income in Honolulu is $80,620. This means most households would need to either earn above the median or consider homes below $875,000.
Is Honolulu a good place to buy a home in 2026?
Honolulu has a higher cost of living than average with a cost of living index of 186.5 (national average = 100). The property tax rate in Hawaii is 0.28%, which is below the national average. Honolulu has a population of 350,964 and offers a balanced lifestyle.
Mortgage Rates in Other Hawaii Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Honolulu, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.