New Jersey closing cost calculator

A typical New Jersey home was worth $575,123 in September 2026, based on Zillow data We rounded it to $575,000, made a $115,000 down payment and borrowed $460,000. Closing costs total $10,387 for buyers, about 1.8% of the price. Your cash at closing equals the down payment plus these costs, for a total of $125,387.

The lender charges this fee to arrange your loan. The owner's title policy provides insurance coverage for you if someone later claims the property. We use a national estimate for this figure. A NJ Land Title Insurance Rating Bureau manual provides actual New Jersey title rates, which receive state approval.

Costs change a lot based on the type of home. As of September 2026, the lower-priced third of homes had typical values of $360,054, while the pricier third reached $961,403. Buyer costs across the home types ranged from $6,564 to $19,503 with 20% down.

On top of closing costs, you pay property tax every year. For an owner-occupied home in New Jersey, the median property tax bill is $9,590 a year.

An attorney will likely take part in your closing, though this rule comes from an ethics opinion rather than a statute. A 1992 state ethics opinion says that title companies managing closings without an attorney present engage in the unauthorized practice of law.

Add the sale price, and we apply each New Jersey tax band at its own rate so the tiers are handled for you. For a sale price of $400,000, the state transfer tax comes to $3,215. The tax is levied by 36 states, including DC, with New Jersey 7th.

The fee for a typical $575,000 home is $4,920. Enter your own price in the calculator to see your amount.

New Jersey calls this tax the Realty Transfer Fee. The fee applies when the deed is recorded after the sale is filed with county records. The seller pays it under the law, so the seller normally bears this cost.

The charge has several tiers. Each band's rate applies to its part of the price, and higher prices carry higher rates. These rates apply to sales above $350,000:

Lower rates apply to homes sold for $350,000 or less. Here, the fee begins at $2.00 per $500 within the first $150,000, not $2.90 as for more expensive sales.

For a home priced over $1,000,000, another fee applies. This graduated surcharge begins at 1% of the whole price and reaches 3.5% when the price goes beyond $3,500,000. This charge is paid by the seller as well.

For a typical $575,000 home, seller costs before commission total $4,920, all of which comes from the Realty Transfer Fee. A seller pays $3,215 at a $400,000 sale price, while the median state charges $440. New Jersey therefore comes in $2,775 above the middle.

These amounts don't include commission or paying off your mortgage. Nationally, the buyer's agent commission averages 2.42% of the price. To estimate seller closing costs, enter your sale price and commission rate; your mortgage payoff is not included.

Some sellers pay less, while certain sellers pay nothing at all. Reduced rates may apply to sellers aged 62 or older who qualify, to blind or disabled sellers and to qualifying low- or moderate-income housing sales.

A parent-to-child transfer, including adopted children, is exempt in full. A stepchild purchase does not qualify for an exemption. Former spouses may also qualify when the deed is recorded no later than 90 days following the divorce decree.

You need to claim every full or partial exemption. To make the claim, submit Form RTF-1 with the deed; this is the seller's Affidavit of Consideration for that purpose. Without that form, the full fee applies.