Closing Costs in Honolulu, HI
Typically, first-time homebuyers concentrate on saving their money for the down payment needed for their new home.
However,
The closing costs
Depending on the
However, there are certain costs that
Closing Costs in Honolulu, HI
As said, the amount of the closing costs varies according to the location where you are buying the property, it also varies by the size of your loan and the local tax laws.
Being specific to Honolulu, HI, stats show that here the expected closing cost range varies between $6,545.78 and $8,284.50 with the average total closing cost being $7,364.
Considering that the average home sale price is anywhere from $800,000 to $900,000, this puts the closing costs at a percentage of 0.82% to 0.92% to the average home sale price.
Closing Costs in Honolulu, HI

Inexperienced Hawaii home buyers
In this estimate, you will see a part where closing costs
Lender Fees
To go into further detail regarding the closing costs in Hawaii, we will first start with the lender fees. This is one part of the closing cost that can be presented differently, depending on the lender. Namely, a lender can wrap all their costs into an “origination” fee while some will break them into parts listed as appraisal costs, courier fees, administrative fees, transfer taxes, a flood certification (if required), processing fees, and a credit check.
Title Fees

Title fees are an important part of the closing costs as they
What you are looking for
Buyer Title Insurance
This insurance protects you, the buyer, in the event that liens or clouds are placed on the property after a sale, which can cover the legal service fees connected to litigation caused by another person or entity that is trying to lay claim to the title of the property.
Other Closing Cost Fees

Regarding the coverage of the closing costs anywhere in Hawaii, it is customary for the payment to be divided in 60% and 40%, where the seller pays the larger amount, while the buyer pays the rest. In addition, you can find all the proprietary costs that are included in the closing costs in Honolulu, Hawaii.
- Homeowners Insurance Premium
This is a cost that covers the insurance for the new homeowners.
- Mortgage Preparation
The mortgage or note preparation fees are expenses that cover the lender fees for drafting the loan for your home.
- Fees for obtaining the consents of the buyer
These fees include various inspections done for the buyers.
- Government Recording Fees
These expenses accumulate in the form of deed and mortgage recording at their county’s Bureau of Conveyances office.
- The Notary Fees for the Buyer
If you as a buyer sign the closing documents outside of the designated escrow office, you will be charged with this fee.
- Title Document Preparation and Escrow Fees
This fee is split into two equal parts between buyers and sellers. The reason why escrow and title companies are the intermediaries between you and the person who sells you the house is that in addition to coordination between parties, these parties make sure both sides of the real estate deal are adherent to the contract between them. With this, they also coordinate the payoffs and prepare the complete closing documentation.

- Association Transfer Fees and Condominium Fees
The association documents in the case of buying a house or a condo should include budget, board meeting minutes, house rules, bylaws, association disclosure, and the like. While globally these are paid by one side of the contract, by sellers, buyers, or the lender, in Hawaii it is customary for the seller to cover them. Keep in mind that homeowners associations charge standard transfer fees on top of this.
- Pest Inspection
Usually covered by the seller - Home Loan Discount Points and/or Fees;
and - Future Homeowners Association Dues & Prorated Property Taxes.
You may be subject to other closing costs when buying realty in Honolulu, HI. This all depends on the agency and seller, as well as the location, so it is best to ask upfront and get well informed before making any decisions. Also, you should get informed about the cost of living in Honolulu, and if moving with your family, here you can find the best schools in the area.
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