Closing Costs in Hawaii (2026)

Buyers in Hawaii typically pay 2% to 5% of the purchase price in closing costs — roughly $19,510 to $48,775 on a median-priced home around $975,500. Our itemized estimate, including lender fees, title work, government fees, and prepaid taxes and insurance, comes to about $21,172 (2.2% of the price) with 20% down at 6.75%.

The effective property tax rate in Hawaii is approximately 0.3% of home value per year. On a median-priced home of $975,500, that works out to about $2,927 per year, or $244 per month. Several months of taxes are usually collected up front at closing to fund your escrow account.

Yes. Hawaii conveyance tax is tiered (0.1%–1.25%) based on price and owner-occupancy. At that rate on a $975,500 home, the tax is roughly $1,463 — and in this state the buyer does not customarily pay it, so it is not included in our buyer-side estimate. Everything is negotiable in the purchase contract.

The 2026 conforming loan limit in most of Hawaii is $1,249,125 for a one-unit home. Some high-cost counties go as high as $1,299,500. On a median-priced $975,500 home with 20% down, the loan is $780,400 — within the conforming limit in most counties. FHA limits also vary by county (2026 floor about $541,288).

With 20% down on a $975,500 home, plan for about $216,272 in total: $195,100 for the down payment plus roughly $21,172 in closing costs and prepaid items. A smaller down payment reduces the cash needed but adds PMI to your monthly payment.

On a median-priced $975,500 home with 20% down and a 30-year loan at 6.75%, the total monthly payment is about $5,564 — $5,062 in principal and interest, $244 in property taxes, and $258 in homeowners insurance.