The Buyers Agent

Real Estate Agent with Green Realty Group (808) 388-1485 RS - 53215


The Buyers AgentI was talking (on Facebook) with a friend this morning and he was mentioning that someday he would want to own a home of his own in Mililani.  I took a quick look at what was available in Mililani and saw that there were many properties in the low $400,000s.  A little quick math and I saw that his monthly payment on one of these homes would be around $2,100 INCLUDING taxes, principle and interest.  When I first looked at the mortgage calculator, it said the payment would be much higher and then I saw that it had automatically set the interest rate at 6.5%.


The moral of my story is that home prices are low and interest rates are even lower.  When you use a Mortgage Calculator to figure out what your payment would be, be sure all of the numbers are correct.  In Hawaii, property taxes are among the lowest in the nation.  They are about $3.42 per $1,000 of value, so a home that costs $400,000 would be about $1,400 per year.  Interest rates are a bit below 5% so make sure you put that percentage into the mortgage calculator.  On the mainland, property tax is much higher so the number in that block is probably much higher, CHANGE IT!  Don’t scare yourself away from buying a home because you have bad information!


If you would like to see the homes that are available in Mililani, click here.


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Warm Regards-

Mike and Gayle


Mike Ramsey Fujita (S) RA SFR, MRP

(808) 630-1828

Gayle Fujita Ramsey (S) RA SFR ePRo

(808) 388-1485

Green Realty Group



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David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

You are right Mike - The numbers must be set right. I lived in Kaneohe for 12 years and miss the Islands. Thanks for posting!

Aug 25, 2011 03:03 PM #1
Kim Logan
Kim Logan - Keller Williams Lake Oconee Realty

great post!!!! Good point!


Aug 25, 2011 03:05 PM #2
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Howard County & Catonsville

WOW. You really do have it all. I could sell many more homes if we had the same tax rate.

Aug 25, 2011 03:07 PM #3
Michael & Gayle Ramsey Fujita
Green Realty Group (808) 388-1485 - Honolulu, HI
(S) RAs SFRs ePro MRP

Hi All- Thank you for your feed back.  When you see a Mortgage Calculator that is clearly set up for mainland buyers, you realize how inexpensive our tax rates are.  Have a great week end!




Aug 25, 2011 07:35 PM #4
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Michael & Gayle Ramsey Fujita

(S) RAs SFRs ePro MRP
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