New Jersey Mortgage Calculator
Estimate your monthly mortgage payment in New Jersey based on the state median home price of $505K, a 2.47% property tax rate, and $2K/year homeowners insurance.
$101,000
NJ avg
Principal & Interest
$2,554
per month
Taxes & Insurance
$1,164
per month
Total Interest Paid
$515K
over 30 years
Total Loan Cost
$919K
all payments
Payment Breakdown
Loan Amount$404,000
Principal & Interest$2,554
Property Taxes$1,039
Homeowners Insurance$125
Total Monthly PITI$3,718
New Jersey Housing at a Glance
Median Home Price
$505K
New Jersey statewide
Property Tax Rate
2.47%
$1,039/mo on median
Avg Closing Costs
$10K
2.0% of purchase price
Homeowners Insurance
$1,500/yr
$125/mo
New Jersey First-Time Buyer Program
NJHMFA DPA Program
Down payment assistance: Up to $15,000 forgivable