New Jersey closing cost calculator

New Jersey buyers no longer pay a mansion tax: since July 10, 2025 the fee on sales over $1 million is the seller’s. Buyers pay no mortgage tax.

New Jersey’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

New Jersey: Realty transfer fee: 0.58% to 1.21%, by price, plus the graduated percent fee over $1 million, and the seller usually pays it. Owner’s title is usually paid by the buyer. An attorney usually handles the closing.

Purchase price

$

The loan

Loan type

Down payment

Interest rate

%

Term

Estimated cash to close $109,539

2.1%closing costs

Purchase price$495,000
Down payment (20%)$99,000
- Loan amount$396,000
Loan costs+$4,660
- Origination and lender feesest.+$3,960
- Appraisalest.+$700
Title and closing+$3,983
- Lender’s title insuranceest.+$500
- Owner’s title insuranceest.+$1,733
- Settlement or escrow feeest.+$600
- Closing attorneyest.+$900
- Recording feesest.+$250
Taxes−$4,584
- Property tax credit from the sellerest.−$4,584
Prepaids and escrow+$6,030
- Homeowner’s insurance, first yearest.+$2,475
- Prepaid interest (27 days)est.+$1,904
- Property tax escrow (3 months)est.+$1,238
- Insurance escrow (2 months)est.+$413
Other costs+$450
- Home inspectionest.+$450
Cash to close$109,539

Estimated monthly payment$3,122

Principal and interest$2,503
Mortgage insurance$0
Property taxes$413
Insurance$206
HOA dues$0

An estimate, not a Loan Estimate or Closing Disclosure. Your lender's Loan Estimate and the title or escrow company give the final figures. Rates, fees and insurance vary by lender and property.

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A New Jersey purchase, worked out

The calculator opens on $495,000, about the median value of an owner-occupied home in New Jersey ($496,000, 2024 Census estimate), with 20% down on a 30-year conventional loan and a closing on December 5, 2026.

The buyer brings about $109,539: $99,000 down and $10,539 in closing costs, 2.1% of the price. New Jersey charges the buyer no state transfer or mortgage tax. The monthly payment comes to about $3,122, with property tax and insurance.

Cash to close on $495,000, 20% down
Down payment	$99,000
Origination and lender feesest.	+$3,960
Appraisalest.	+$700
Lender’s title insuranceest.	+$500
Owner’s title insuranceest.	+$1,733
Settlement or escrow feeest.	+$600
Closing attorneyest.	+$900
Recording feesest.	+$250
Property tax credit from the sellerest.	−$4,584
Homeowner’s insurance, first yearest.	+$2,475
Prepaid interest (27 days)est.	+$1,904
Property tax escrow (3 months)est.	+$1,238
Insurance escrow (2 months)est.	+$413
Home inspectionest.	+$450
Cash to close	$109,539

Estimates are tagged “est.”; New Jersey’s taxes follow its rules. A “−” is a credit, like the seller’s share of this year’s property tax where it’s paid after the year ends.

At other prices

New Jersey has no state tax of its own on the buyer. Each row has 20% down on a conventional loan.

Price	New Jersey’s buyer taxes	Closing costs	Cash to close	Monthly payment
$250,000	—	$7,297	$57,297	$1,597
$500,000	—	$10,610	$110,610	$3,153
$750,000	—	$14,375	$164,375	$4,730
$1,000,000	—	$18,200	$218,200	$6,307
$2,000,000	—	$33,499	$433,499	$12,613

Buying in New Jersey: what to know

No buyer’s taxes

New Jersey has no buyer-paid transfer or mortgage tax. The former 1% mansion tax on purchases over $1 million became the seller-paid Graduated Percent Fee on July 10, 2025.

Realty transfer fee

New Jersey’s Realty Transfer Fee is paid by the seller and charged per $500 at marginal rates. On sales over $350,000 it is 0.58% up to $150,000, 0.85% to $200,000, 0.96% to $550,000, 1.06% to $850,000, 1.16% to $1 million and 1.21% above, so $4,175 on a $500,000 sale. At $350,000 or less a lower schedule applies (0.4%, 0.67% and 0.78%), and reduced rates exist for senior, blind and disabled sellers and some affordable housing.

Title insurance

The buyer customarily pays for the owner’s policy throughout New Jersey.

Who runs the closing

In North and Central New Jersey both sides customarily hire attorneys, and contracts carry a three-business-day attorney review period. South Jersey often closes through title companies with less attorney involvement. An attorney isn’t legally required.

Property taxes and escrow

New Jersey taxes the calendar year in quarterly installments due February 1, May 1, August 1 and November 1, each covering the current quarter. Taxes are prorated by the quarter paid against the closing date.

Local differences

Graduated Percent Fee on sales over $1 million (homes, farms with a residence, co-ops and some commercial property), charged on the whole price and paid by the seller: 1% to $2 million, 2% to $2.5 million, 2.5% to $3 million, 3% to $3.5 million and 3.5% above.

Buying in New Jersey: questions

Does the buyer pay a mansion tax in New Jersey?

Not anymore. Since July 10, 2025 the fee on sales over $1 million is paid by the seller.

What is attorney review in New Jersey?

In much of New Jersey, contracts include a three-business-day period for each side’s attorney to review and change or cancel the deal.

Who pays for title insurance in New Jersey?

The buyer customarily pays for the owner’s policy throughout New Jersey, along with the lender’s policy.

How much are closing costs in New Jersey?

On a $495,000 home with 20% down on a conventional loan, the calculator’s estimates put a New Jersey buyer’s closing costs at about $10,539, or 2.1% of the price, and cash to close at $109,539. New Jersey charges the buyer no state transfer or mortgage tax. Lender fees, insurance and the rate vary, so put in your lender’s Loan Estimate for a closer number.

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