Honolulu vs San Francisco: Mortgage Cost Comparison
Thinking about buying in Honolulu or San Francisco? Here's a side-by-side comparison of mortgage costs in both cities.
$4,884
Honolulu PITI
$7,791
San Francisco PITI
$2,907/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Honolulu vs San Francisco: Full Mortgage Comparison
Buying a home in Honolulu is $2,907/month cheaper based on average home prices and local costs.
| Honolulu, HI | San Francisco, CA | |
|---|---|---|
| Avg. Home Price | $900,000 | $1,350,000 |
| Down Payment (20%) | $180,000 | $270,000 |
| Loan Amount | $720,000 | $1,080,000 |
| Property Tax Rate | 0.3% | 0.65% |
| Annual Property Tax | $2,700 | $8,775 |
| Annual Insurance | $1,300 | $2,800 |
| Monthly P&I | $4,551 | $6,826 |
| Monthly PITI | $4,884 | $7,791 |
| Total Interest (30yr) | $918,320 | $1,377,480 |
What Drives the Difference?
Home prices are the biggest factor — San Francisco’s average home costs $450,000 more than Honolulu’s.
Property taxes also favor Honolulu — San Francisco’s 0.65% rate is higher than Honolulu’s 0.3%.
Insurance is $1,500/year more in San Francisco.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Honolulu | San Francisco | |
|---|---|---|
| Monthly PITI | $4,884 | $7,791 |
| Income needed | $209,324 | $333,896 |
Try Your Own Numbers
The calculator above is pre-filled with Honolulu’s averages. Adjust the values to match your situation, or try the San Francisco calculator for San Francisco-specific numbers.