Hawaii buyer closing costs and cash to close
A Hawaii buyer pays about $11,830 in closing costs on a $900,000 home with 20% down. That is 1.3% of the price. Prepaids add about $8,850. Cash to close is about $200,672.
See the lender fees, title, prepaids and down payment on a typical home loan.
Free Hawaii buyer cash to close calculator
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| Deed recording fee | $41 |
| Mortgage recording fee | $41 |
| Down payment (20%) | $180,000 |
| Title insurance and settlement | $2,838 |
| Lender fees | $8,910 |
| Prepaids and escrow reserves | $8,850 |
| Property tax credit from seller | −$7 |
| Estimated cash to close | $200,672 |
- Closing costs on $900,000
- About $11,830
- Owner's title policy
- Split 50/50
- Cash to close, 20% down
- About $200,672
How much are buyer closing costs in Hawaii?
About $11,830 on a $900,000 home with a $720,000 loan. That is 1.3% of the price. Prepaids add about $8,850. $900,000 is close to the typical Hawaii home value (the Census median, weighted by county).
| Line | Buyer |
|---|---|
| Down payment (20%) | $180,000 |
| Owner's title insurance policy | $1,550 |
| Lender's title insurance policy | $538 |
| Lender-required endorsements | $150 |
| Escrow fee | $600 |
| Deed recording fee | $41 |
| Mortgage recording fee | $41 |
| Loan origination (1%) | $7,200 |
| Appraisal | $550 |
| Credit report | $60 |
| Underwriting / processing | $995 |
| Flood certification | $25 |
| Tax service fee | $80 |
| Closing costs | $11,830 |
| Prepaid interest | $3,974.79 |
| Homeowner's insurance (12 months) | $3,600 |
| Insurance escrow reserve (2 mo) | $600 |
| Property tax escrow reserve (3 mo) | $675 |
| Prepaids and escrow reserves | $8,849.79 |
| Property tax credit from seller | −$7.40 |
| Estimated cash to close | $200,672.39 |
Run it with your own numbers. Pick the county, loan type, rate and closing date.
What does a buyer pay at closing in Hawaii?
The buyer pays the lender fees and the lender's title policy. Buyer and seller usually split the owner's title policy in Hawaii. Owner's policy customarily split 60% seller / 40% buyer. In Hawaii, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote.
Hawaii buyer closing cost questions
How much are buyer closing costs in Hawaii?
About $11,830 on a $900,000 home with 20% down. That is 1.3% of the price. Prepaid insurance, interest and escrow add about $8,850. Cash to close is about $200,672. That counts the $180,000 down payment and takes off the seller's $7 tax credit.
Does the buyer pay transfer tax in Hawaii?
By custom, no. The transfer tax is a seller cost in Hawaii.
Who pays for the owner's title policy in Hawaii?
Buyer and seller usually split the owner's title policy in Hawaii. Owner's policy customarily split 60% seller / 40% buyer.
What is the difference between closing costs and cash to close?
Closing costs are the fees and taxes for the loan, title and recording. Cash to close is all the money you bring. It adds your down payment. It adds prepaids, like home insurance, interest and escrow. Then it takes off credits. Those include the seller's property tax credit and the earnest money you already paid.
Give your buyer a cash-to-close estimate.
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