Mortgage Refinance Rates in Hawaii (2026)
With Hawaii's median value near $840,000, a homeowner refinancing a typical $571,000 balance from about 7.50% to 6.25% saves roughly $477/month — breaking even on ~$14,275 of costs near month 30.
Most Hawaii owners have built real equity. A cash-out refinance can tap up to 80% of value, and a rate-and-term refinance simply lowers the payment. 4 Hawaii counties are high-cost, raising the conforming ceiling there.
Refinance snapshot by Hawaii county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Honolulu County | $830,000 | $1,249,125 | High-cost |
| Hawaii County | $560,000 | $1,249,125 | High-cost |
| Maui County | $1,100,000 | $1,249,125 | High-cost |
| Kauai County | $1,150,000 | $1,249,125 | High-cost |
Should you refinance in Hawaii?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
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Frequently Asked Questions
- How much can refinancing save in Hawaii?
- On a $571,000 balance near the Hawaii median, dropping from ~7.50% to 6.25% saves about $477/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Hawaii for 2026?
- Most Hawaii counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.