Mortgage Rates in Schofield Barracks, Hawaii — March 2026
Updated March 2026 | Based on Schofield Barracks market data and regional lending conditions
Schofield Barracks is a growing city in Hawaii with a population of 16,370. The current 30-year fixed mortgage rate in Schofield Barracks is 6.81%, which is 0.16% above the national average. With a median home price of $697,000 and a 20% down payment of $139,400, homebuyers can expect a monthly principal and interest payment of approximately $3,639.
Current Mortgage Rates in Schofield Barracks, HI
Below are the current average mortgage rates available in the Schofield Barracks 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% |
Schofield Barracks Housing Market Overview
The Schofield Barracks housing market is competitive with prices well above the national median. The median household income in Schofield Barracks is $71,800, and the cost of living index is 169.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $163,157 to comfortably afford the median-priced home in Schofield Barracks, which exceeds the current median household income.
Monthly Payment Breakdown for Schofield Barracks
Based on the median home price of $697,000 with 20% down ($139,400), here is what you can expect to pay monthly in Schofield Barracks:
15-Year vs. 30-Year Mortgage in Schofield Barracks
Choosing a 15-year mortgage in Schofield Barracks at 6.04% instead of a 30-year at 6.81% would save you $460,980 in total interest over the life of the loan. However, your monthly payment would be $4,717 instead of $3,639 — an increase of $1,078 per month.
Calculate Your Schofield Barracks Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Schofield Barracks
What are the current mortgage rates in Schofield Barracks, HI?
As of March 2026, the average 30-year fixed mortgage rate in Schofield Barracks, 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 Schofield Barracks?
Based on the median home price of $697,000 with 20% down, the estimated monthly mortgage payment in Schofield Barracks is $3,639 for principal and interest. Including property taxes of $168/month, the total monthly housing cost is approximately $3,807.
What income do I need to buy a home in Schofield Barracks?
Using the 28% rule, you would need an annual income of approximately $163,157 to afford the median-priced home in Schofield Barracks at $697,000. The median household income in Schofield Barracks is $71,800. This means most households would need to either earn above the median or consider homes below $697,000.
Is Schofield Barracks a good place to buy a home in 2026?
Schofield Barracks has a higher cost of living than average with a cost of living index of 169.9 (national average = 100). The property tax rate in Hawaii is 0.29%, which is below the national average. Schofield Barracks has a population of 16,370 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Schofield Barracks, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.