Mortgage Rates in Kaneohe, Hawaii — March 2026
Updated March 2026 | Based on Kaneohe market data and regional lending conditions
Kaneohe is a growing city in Hawaii with a population of 34,597. The current 30-year fixed mortgage rate in Kaneohe is 6.53%, which is 0.12% below the national average. With a median home price of $985,000 and a 20% down payment of $197,000, homebuyers can expect a monthly principal and interest payment of approximately $4,996.
Current Mortgage Rates in Kaneohe, HI
Below are the current average mortgage rates available in the Kaneohe 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% |
Kaneohe Housing Market Overview
The Kaneohe housing market is competitive with prices well above the national median. The median household income in Kaneohe is $92,250, and the cost of living index is 185.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $223,971 to comfortably afford the median-priced home in Kaneohe, which exceeds the current median household income.
Monthly Payment Breakdown for Kaneohe
Based on the median home price of $985,000 with 20% down ($197,000), here is what you can expect to pay monthly in Kaneohe:
15-Year vs. 30-Year Mortgage in Kaneohe
Choosing a 15-year mortgage in Kaneohe at 5.77% instead of a 30-year at 6.53% would save you $619,200 in total interest over the life of the loan. However, your monthly payment would be $6,552 instead of $4,996 — an increase of $1,556 per month.
Calculate Your Kaneohe 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 Kaneohe
What are the current mortgage rates in Kaneohe, HI?
As of March 2026, the average 30-year fixed mortgage rate in Kaneohe, 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 Kaneohe?
Based on the median home price of $985,000 with 20% down, the estimated monthly mortgage payment in Kaneohe is $4,996 for principal and interest. Including property taxes of $230/month, the total monthly housing cost is approximately $5,226.
What income do I need to buy a home in Kaneohe?
Using the 28% rule, you would need an annual income of approximately $223,971 to afford the median-priced home in Kaneohe at $985,000. The median household income in Kaneohe is $92,250. This means most households would need to either earn above the median or consider homes below $985,000.
Is Kaneohe a good place to buy a home in 2026?
Kaneohe has a higher cost of living than average with a cost of living index of 185.5 (national average = 100). The property tax rate in Hawaii is 0.28%, which is below the national average. Kaneohe has a population of 34,597 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 Kaneohe, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.