Mortgage Rates in Waipahu, Hawaii — March 2026
Updated March 2026 | Based on Waipahu market data and regional lending conditions
Waipahu is a growing city in Hawaii with a population of 38,216. The current 30-year fixed mortgage rate in Waipahu is 6.53%, which is 0.12% below the national average. With a median home price of $725,000 and a 20% down payment of $145,000, homebuyers can expect a monthly principal and interest payment of approximately $3,677.
Current Mortgage Rates in Waipahu, HI
Below are the current average mortgage rates available in the Waipahu 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% |
Waipahu Housing Market Overview
The Waipahu housing market is competitive with prices well above the national median. The median household income in Waipahu is $72,250, and the cost of living index is 172.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $164,829 to comfortably afford the median-priced home in Waipahu, which exceeds the current median household income.
Monthly Payment Breakdown for Waipahu
Based on the median home price of $725,000 with 20% down ($145,000), here is what you can expect to pay monthly in Waipahu:
15-Year vs. 30-Year Mortgage in Waipahu
Choosing a 15-year mortgage in Waipahu at 5.77% instead of a 30-year at 6.53% would save you $455,580 in total interest over the life of the loan. However, your monthly payment would be $4,823 instead of $3,677 — an increase of $1,146 per month.
Calculate Your Waipahu 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 Waipahu
What are the current mortgage rates in Waipahu, HI?
As of March 2026, the average 30-year fixed mortgage rate in Waipahu, 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 Waipahu?
Based on the median home price of $725,000 with 20% down, the estimated monthly mortgage payment in Waipahu is $3,677 for principal and interest. Including property taxes of $169/month, the total monthly housing cost is approximately $3,846.
What income do I need to buy a home in Waipahu?
Using the 28% rule, you would need an annual income of approximately $164,829 to afford the median-priced home in Waipahu at $725,000. The median household income in Waipahu is $72,250. This means most households would need to either earn above the median or consider homes below $725,000.
Is Waipahu a good place to buy a home in 2026?
Waipahu has a higher cost of living than average with a cost of living index of 172.5 (national average = 100). The property tax rate in Hawaii is 0.28%, which is below the national average. Waipahu has a population of 38,216 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 Waipahu, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.