VA Loan Calculator — Hawaii
An eligible VA borrower can buy the typical Hawaii home ($833,000) with no down payment. The 2.15% first-use funding fee ($17,910) is rolled into a $850,910 loan, and there is no monthly mortgage insurance — saving about $509 a month versus FHA MIP on the same home.
Hawaii has the lowest effective property tax rate of the 50 states at 0.29% — $5,165 less a year than the 0.91% state average on a $833,000 home. Homeowners insurance averages $659 a year, the lowest premium nationally and $2,061 less than the typical state.
Loan Parameters
Total Monthly Payment
$5,935
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$1,193,267
Total Cost
$2,136,419
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $68,139 | $8,594 | $59,546 | — | $842,316 | -$9,316 |
| Year 2 | $68,139 | $9,218 | $58,922 | — | $833,098 | -$98 |
| Year 3 | $68,139 | $9,887 | $58,252 | — | $823,211 | $9,789 |
| Year 4 | $68,139 | $10,605 | $57,534 | — | $812,606 | $20,394 |
| Year 5 | $68,139 | $11,375 | $56,764 | — | $801,231 | $31,769 |
| Year 6 | $68,139 | $12,201 | $55,938 | — | $789,030 | $43,970 |
| Year 7 | $68,139 | $13,087 | $55,052 | — | $775,943 | $57,057 |
| Year 8 | $68,139 | $14,037 | $54,102 | — | $761,906 | $71,094 |
| Year 9 | $68,139 | $15,056 | $53,083 | — | $746,849 | $86,151 |
| Year 10 | $68,139 | $16,150 | $51,990 | — | $730,700 | $102,300 |
| Year 11 | $68,139 | $17,322 | $50,817 | — | $713,377 | $119,623 |
| Year 12 | $68,139 | $18,580 | $49,559 | — | $694,797 | $138,203 |
| Year 13 | $68,139 | $19,929 | $48,210 | — | $674,868 | $158,132 |
| Year 14 | $68,139 | $21,376 | $46,763 | — | $653,492 | $179,508 |
| Year 15 | $68,139 | $22,928 | $45,211 | — | $630,564 | $202,436 |
| Year 16 | $68,139 | $24,593 | $43,546 | — | $605,971 | $227,029 |
| Year 17 | $68,139 | $26,379 | $41,761 | — | $579,592 | $253,408 |
| Year 18 | $68,139 | $28,294 | $39,845 | — | $551,298 | $281,702 |
| Year 19 | $68,139 | $30,349 | $37,791 | — | $520,949 | $312,051 |
| Year 20 | $68,139 | $32,552 | $35,587 | — | $488,397 | $344,603 |
| Year 21 | $68,139 | $34,916 | $33,224 | — | $453,481 | $379,519 |
| Year 22 | $68,139 | $37,451 | $30,688 | — | $416,030 | $416,970 |
| Year 23 | $68,139 | $40,170 | $27,969 | — | $375,860 | $457,140 |
| Year 24 | $68,139 | $43,087 | $25,052 | — | $332,772 | $500,228 |
| Year 25 | $68,139 | $46,216 | $21,924 | — | $286,557 | $546,443 |
| Year 26 | $68,139 | $49,571 | $18,568 | — | $236,985 | $596,015 |
| Year 27 | $68,139 | $53,171 | $14,969 | — | $183,814 | $649,186 |
| Year 28 | $68,139 | $57,032 | $11,108 | — | $126,783 | $706,217 |
| Year 29 | $68,139 | $61,173 | $6,967 | — | $65,610 | $767,390 |
| Year 30 | $68,135 | $65,610 | $2,525 | — | $0 | $833,000 |
VA Loan numbers for Hawaii
- Typical Hawaii home value
- $833,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $850,910
- Includes $17,910 financed funding fee
- Estimated monthly payment
- $5,935
- APR 7.242%
- Hawaii property tax
- 0.29%
- $201/mo
- Homeowners insurance
- $659/yr
- $55/mo
- VA funding fee (first use)
- 2.15% · $17,910
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $509/mo
- Same $833,000 home, FHA at 3.5% down
How much house can you afford in Hawaii with a va loan?
Highest price where principal, interest, Hawaii property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $157,000 | $0 | 19% |
| $75,000 | $1,750 | $240,000 | $0 | 29% |
| $100,000 | $2,333 | $322,000 | $0 | 39% |
| $125,000 | $2,917 | $405,000 | $0 | 49% |
| $150,000 | $3,500 | $488,000 | $0 | 59% |
| $200,000 | $4,667 | $653,000 | $0 | 78% |
| $250,000 | $5,833 | $818,000 | $0 | 98% |
VA vs other loan types in Hawaii
$833,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $83,300 | $749,700 | — | $450 PMI | $5,709 | 7.488% |
| FHA | 3.5% · $29,155 | $817,912 | UFMIP $14,067 | $509 MIP | $6,223 | 7.964% |
| VA | 0% · $0 | $850,910 | Funding fee $17,910 | $0 | $5,935 | 7.242% |
| JumboLoan is conforming (≤ $1,249,125) | 20% · $166,600 | $666,400 | — | $0 | $4,703 | 7.030% |
Frequently asked questions
What is the monthly payment on a $833,000 home with a va loan in Hawaii?
Estimated $5,935 per month ($5,678 principal & interest, $201 property tax, $55 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $833,000 Hawaii home?
$17,910 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.