Mortgage Rates in Makakilo, Hawaii — March 2026
Updated March 2026 | Based on Makakilo market data and regional lending conditions
Makakilo is a growing city in Hawaii with a population of 19,843. The current 30-year fixed mortgage rate in Makakilo is 6.81%, which is 0.16% above the national average. With a median home price of $709,000 and a 20% down payment of $141,800, homebuyers can expect a monthly principal and interest payment of approximately $3,701.
Current Mortgage Rates in Makakilo, HI
Below are the current average mortgage rates available in the Makakilo 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Makakilo Housing Market Overview
The Makakilo housing market is competitive with prices well above the national median. The median household income in Makakilo is $85,700, and the cost of living index is 171.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $165,686 to comfortably afford the median-priced home in Makakilo, which exceeds the current median household income.
Monthly Payment Breakdown for Makakilo
Based on the median home price of $709,000 with 20% down ($141,800), here is what you can expect to pay monthly in Makakilo:
15-Year vs. 30-Year Mortgage in Makakilo
Choosing a 15-year mortgage in Makakilo at 6.04% instead of a 30-year at 6.81% would save you $468,540 in total interest over the life of the loan. However, your monthly payment would be $4,799 instead of $3,701 — an increase of $1,098 per month.
Calculate Your Makakilo 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 Makakilo
What are the current mortgage rates in Makakilo, HI?
As of March 2026, the average 30-year fixed mortgage rate in Makakilo, Hawaii is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Makakilo?
Based on the median home price of $709,000 with 20% down, the estimated monthly mortgage payment in Makakilo is $3,701 for principal and interest. Including property taxes of $165/month, the total monthly housing cost is approximately $3,866.
What income do I need to buy a home in Makakilo?
Using the 28% rule, you would need an annual income of approximately $165,686 to afford the median-priced home in Makakilo at $709,000. The median household income in Makakilo is $85,700. This means most households would need to either earn above the median or consider homes below $709,000.
Is Makakilo a good place to buy a home in 2026?
Makakilo has a higher cost of living than average with a cost of living index of 171.4 (national average = 100). The property tax rate in Hawaii is 0.28%, which is below the national average. Makakilo has a population of 19,843 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 Makakilo, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.