Kahului, HI

Rent vs buy in Kahului

Median home $858,600. A 1 bedrooms rents for $2,344 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $2,344; per month
Own the median home: $5,343; P&I, tax, insurance, upkeep
Owning costs extra: $2,999; per month, same metro

What a purchase actually costs

20% down payment$171,720
Mortgage at 6.5%$4,342
Property tax (0.30% of value)$215/mo · $2,576/yr
Insurance and upkeep (1.1%/yr)$787
Total monthly ownership$5,343

Months of leftover to save the down payment

At $818 left over a month, it takes about 210 months (17.5 years) to save $171,720 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.