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Hawaii vs Pennsylvania:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Hawaii and Pennsylvania. Updated for 2026.

MetricHawaiiPennsylvania
Median Home Price$830K$280K
Property Tax Rate0.28%1.36%
Avg Closing Costs$12K$5K
Closing Cost %1.5%1.7%
Transfer Tax0.2%2%
Homeowners Insurance$1,200/yr$1,400/yr
First-Time Buyer Program
HHFDC Hula Mae Program
Below-market rate mortgages
PHFA Keystone Advantage
Up to $6,000 DPA
Verdict

Hawaii wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Pennsylvania has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.

Hawaii
Home Price$830,000
Down Payment (10%)$83,000
Loan Amount$747,000
Monthly P&I$4,722
Monthly Property Tax$194
Monthly Insurance$100
Monthly PMI$311
Total PITI$5,326/mo
Annual property tax: $2,324
Pennsylvania
Home Price$280,000
Down Payment (10%)$28,000
Loan Amount$252,000
Monthly P&I$1,593
Monthly Property Tax$317
Monthly Insurance$117
Monthly PMI$105
Total PITI$2,132/mo
Annual property tax: $3,808

Buying in Pennsylvania saves you approximately $3,194/month ($38,328/year) compared to Hawaii, based on median home prices with identical loan terms.

Which State Is Right for You?

There's a dramatic price gap between these two states. Homes in Pennsylvania cost 66% less than in Hawaii — that's a difference of $550K on the median home. For buyers relocating from Hawaii to Pennsylvania, this can mean upgrading significantly or pocketing substantial savings. The equity you've built in a Hawaii home could fund a much larger down payment in Pennsylvania, potentially eliminating PMI and reducing your monthly payment dramatically.

Property taxes are dramatically different: Hawaii charges 0.28% while Pennsylvania charges 1.36%, a gap of 1.08 percentage points. On the respective median homes, this means Pennsylvania homeowners pay roughly $3,808 per year in property taxes versus $2,324 in Hawaii. Over 30 years of homeownership, this difference alone can add up to six figures. Retirees on fixed incomes should weigh this heavily.

Closing costs are a one-time but significant expense. Hawaii averages $12K in closing costs (1.5% of purchase price) while Pennsylvania averages $5K (1.7%). The difference is spread across title insurance, attorney fees, and recording costs rather than a single large tax. Budget for these upfront costs — they affect how much cash you need on hand at closing.

Both states offer down payment assistance for first-time buyers. Hawaii's HHFDC Hula Mae Program provides Below-market rate mortgages, while Pennsylvania's PHFA Keystone Advantage offers Up to $6,000 DPA. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.

Key Takeaway

The bottom line: Pennsylvania homes cost $550K less than Hawaii on average. That translates to roughly $3,194 less per month in total housing costs if you choose Pennsylvania. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.

Compare Other States

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