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Our Hawaii jumbo mortgage loan calculator estimates your monthly payments, total interest paid, and total cost of the loan. Simply input the home price, down payment amount, loan term, interest rate, and property tax rate to instantly receive your estimates. This will help you determine how much house you can afford and the actual costs of purchasing a higher priced home in Hawaii.
Keep reading to learn more about Hawaii jumbo loans, how jumbo loans differ from conforming loans, and how to use our Hawaii jumbo loan calculator.
Key Points
• For 2025, the conforming loan limit in Hawaii is $1,209,750 for all single-unit properties.
• Stricter qualification criteria apply to jumbo loans, such as higher credit scores and significant cash reserves.
• Our Hawaii jumbo loan calculator estimates your monthly loan payments and total loan costs.
• The calculator factors in the purchase price, down payment amount, loan term, interest rate, and property tax rate.
• It allows you to see how different rates, terms, and down payment amounts affect your monthly payments and total loan costs.
Hawaii Jumbo Loan Calculator
Calculator Definitions
• Jumbo loan: A jumbo loan represents a mortgage that exceeds the conforming loan limit established by the Federal Housing Finance Agency (FHFA). In all Hawaii counties in 2025, the conforming loan limit for a single-family home is $1,209,750.
• Home price: The home price is the agreed-upon purchase price between you and the home seller. This figure may differ from the initial listing price or your initial offer.
• Down payment: The down payment is the initial amount a homebuyer contributes upfront, typically expressed as a percentage of the total purchase price. Jumbo mortgage loans often require a minimum 10% down payment.
• Loan term: The loan term is the length of time a borrower has to repay the mortgage, typically offered as 15- or 30-year periods.
• Interest rate: The interest rate is the cost of borrowing money, expressed as a percentage of the total loan amount. Interest rates vary based on borrower qualifications and market trends.
• Annual property tax: Annual property tax is levied by local governments on land and buildings, typically expressed as a percentage of the property’s assessed value. In Hawaii, the effective property tax rate is approximately 0.27%.
How to Use the Hawaii Jumbo Loan Calculator
The Hawaii jumbo loan calculator allows you to see the financial implications of purchasing a high-value home. Here’s a step-by-step guide on how to use the calculator.
Step 1: Enter Your Home Price
Type in or use the slider to choose the home price listed on your contract. This figure represents the agreed-upon purchase price with the home seller and helps determine your home loan amount.
Step 2: Add a Down Payment Amount
Specify the amount you have saved for the down payment. Jumbo loans typically require a down payment of at least 10% of the total loan amount. A down payment calculator can help you decide on your number.
Step 3: Choose a Loan Term
Select a loan term, typically 15 or 30 years. A longer term lowers monthly payments but increases total interest paid. A shorter term raises monthly payments but reduces overall interest.
Step 4: Enter an Interest Rate
Input an accurate interest rate, typically to the second or third decimal point. Even small changes in interest rates can significantly affect your monthly payment and total interest paid.
Step 5: Enter Your Annual Property Tax
Input the annual property tax rate, which is 0.27% on average in Hawaii. This ensures an estimate of your monthly mortgage payment, including principal, interest, and property taxes.
What Are Jumbo Loans and Conforming Loan Limits?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In Hawaii, the conforming loan limit for a single-family home is $1,209,750. For loan amounts above this threshold, a jumbo loan is necessary.
When comparing jumbo loans vs. conventional loans, jumbo loans often involve stricter criteria, including a higher credit score (typically 700 or above) and significant cash reserves. A down payment of 10% minimum is usually required. Understanding these limits and requirements is essential for anyone considering a high-value property in Hawaii.
Benefits of Using a Jumbo Loan Payment Calculator
Using a jumbo loan mortgage calculator offers several key benefits. First, it helps with budgeting by providing a clear estimate of your anticipated monthly mortgage payment, including principal, interest, and property taxes.
The calculator also shows how small changes in interest rates, loan terms, and down payment amounts can significantly affect your future payments. By inputting different numbers, you can find a mortgage that works for you.
How to Use the Jumbo Loan Calculator to Compare Scenarios
A jumbo loan calculator is a powerful tool for comparing different loan scenarios. Here’s what you can do with it:
• Adjust the home price to see what you can afford.
• Experiment with different down payment amounts. A larger down payment can improve loan terms and reduce monthly payments.
• Explore shorter loan terms to save on interest, although that will mean higher monthly payments.
• Experiment with different interest rates to gauge financial strain. If you want a better interest rate, work on building your score before purchasing a home.
Current mortgage rates by state.
Compare current home interest rates by state and find a mortgage rate that suits your financial goals.
Select a state to view current rates:
Deciding How Much House You Can Afford in Hawaii
Determining your price range in Hawaii requires a thorough assessment of median home prices and your financial situation. Median home sale prices in Hawaii were about $750,000 in 2025, but there are many homes in Hawaii worth millions.
Lenders generally advise keeping mortgage payments below 28% of your gross monthly income. For instance, affording a $1 million home with a $100,000 down payment, at 6.75% interest on a 30-year mortgage, means a $5,837 monthly payment (excluding taxes and insurance). The 28% rule suggests a $250,000 annual income.
Lenders also advise staying within a 36% debt-to-income ratio, including your mortgage. In the example above, if your debts exceed about $1,600 a month — think about student loans, credit cards, and car payments — the income needed for a $900,000 mortgage would be higher.
Going through the mortgage preapproval process can help you gauge affordability — though only you can say what a comfortable budget is, based on your assets, lifestyle, and financial goals.
The main components of a jumbo loan payment include the principal and interest, which are the core elements of any mortgage loan. Other components include property tax — which is included in our calculator — as well as homeowners insurance and homeowners association (HOA) fees.
Knowing how these expenses factor in gives you a clearer view of your overall financial commitment and helps you prepare for the true costs of homeownership.
Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.
Cost of Living in Hawaii
The cost of living in Hawaii can significantly impact your ability to afford a home. Higher cost of living areas typically have higher average home prices, but they also come with increased costs for utilities, home maintenance, transportation, and other necessities. While you might think you can handle a higher mortgage payment, other expenses can also contribute to financial strain.
Hawaii’s cost of living index is a whopping 185, which is 85% higher than the national average. Not only that, but every other category is higher than the national average, as well, making Hawaii one of the most expensive places in the U.S. to live. Here’s how Hawaii’s cost of living expenses rank across the board:
• Housing: 304.3 (204% higher than the national average)
• Groceries: 133.5
• Utilities: 204.5
• Transportation: 136.5
• Health care: 123.4
• Miscellaneous: 125.9
You can use a home affordability calculator to factor in all your expenses and arrive at a realistic budget for your new home.
Tips on Reducing Your Jumbo Loan Payment
Even if the area of Hawaii that you want to live in necessitates a jumbo mortgage, there are several strategies to make your mortgage payment more affordable. You can:
• Consider an adjustable-rate mortgage (ARM) for possibly a lower initial interest rate, which can reduce monthly payments during the introductory period.
• Make a lump sum payment to recast your mortgage, which can lower your monthly payments and reduce overall interest paid.
• Modify your loan agreement in the event of financial hardship to make payments more manageable.
• Refinance your mortgage to a longer loan term, such as extending a 15-year mortgage to a 30-year term, to lower monthly payments.
• Shop for a lower homeowners insurance rate to reduce your monthly mortgage payment.
The Takeaway
When considering a jumbo mortgage in Hawaii, it’s important to utilize tools like the Hawaii jumbo loan calculator to estimate your potential monthly payments and overall financial commitment. It can help you understand the impact of different down payment amounts, various loan terms, and fluctuating interest rates, allowing you to make more informed decisions and find the best mortgage for your needs and circumstances.
When you’re ready to take the next step, consider what SoFi Home Loans have to offer. Jumbo loans are offered with competitive interest rates, no private mortgage insurance, and down payments as low as 10%.
SoFi Mortgages: We make mortgage loan applications smart and simple.
A jumbo loan refers to a mortgage that exceeds the conforming loan limits set by the FHFA. For a single-family home in Hawaii, the limit is $1,209,750.
Is $900,000 a jumbo loan?
A $900,000 mortgage is not a jumbo loan in Hawaii, where the conforming loan limit for a single-family home is $1,209,750. However, in other areas with lower limits, it might be classified as a jumbo loan.
Do you need 20% for a jumbo loan?
While a 20% down payment is often recommended for a jumbo loan, it is not always required. Some lenders may accept a down payment as low as 10%. A higher down payment can improve loan terms and reduce monthly payments.
What credit score is needed for a jumbo loan?
Qualifying for a jumbo loan often requires a higher credit score, typically 740 or above, although some lenders may accept scores as low as 700. A higher credit score can improve your chances of approval and secure better interest rates and loan terms.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
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