Mortgage Rates in Waimalu, Hawaii — March 2026
Updated March 2026 | Based on Waimalu market data and regional lending conditions
Waimalu is a growing city in Hawaii with a population of 13,730. The current 30-year fixed mortgage rate in Waimalu is 6.65%, which is at the national average. With a median home price of $710,000 and a 20% down payment of $142,000, homebuyers can expect a monthly principal and interest payment of approximately $3,646.
Current Mortgage Rates in Waimalu, HI
Below are the current average mortgage rates available in the Waimalu 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Waimalu Housing Market Overview
The Waimalu housing market is competitive with prices well above the national median. The median household income in Waimalu is $74,900, and the cost of living index is 169.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $163,886 to comfortably afford the median-priced home in Waimalu, which exceeds the current median household income.
Monthly Payment Breakdown for Waimalu
Based on the median home price of $710,000 with 20% down ($142,000), here is what you can expect to pay monthly in Waimalu:
15-Year vs. 30-Year Mortgage in Waimalu
Choosing a 15-year mortgage in Waimalu at 5.91% instead of a 30-year at 6.65% would save you $454,680 in total interest over the life of the loan. However, your monthly payment would be $4,766 instead of $3,646 — an increase of $1,120 per month.
Calculate Your Waimalu 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 Waimalu
What are the current mortgage rates in Waimalu, HI?
As of March 2026, the average 30-year fixed mortgage rate in Waimalu, Hawaii is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Waimalu?
Based on the median home price of $710,000 with 20% down, the estimated monthly mortgage payment in Waimalu is $3,646 for principal and interest. Including property taxes of $178/month, the total monthly housing cost is approximately $3,824.
What income do I need to buy a home in Waimalu?
Using the 28% rule, you would need an annual income of approximately $163,886 to afford the median-priced home in Waimalu at $710,000. The median household income in Waimalu is $74,900. This means most households would need to either earn above the median or consider homes below $710,000.
Is Waimalu a good place to buy a home in 2026?
Waimalu has a higher cost of living than average with a cost of living index of 169.5 (national average = 100). The property tax rate in Hawaii is 0.3%, which is below the national average. Waimalu has a population of 13,730 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 Waimalu, Hawaii area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.