True Mortgage Cost

New Jersey Mortgage Guide

Everything you need to know about getting a mortgage in New Jersey: property tax landscape, closing costs, and first time buyer programs.

At a glance

New Jersey by the numbers

Median home value
$430,000
Effective property tax rate
2.23%
Median annual property tax
$9,541
Avg. homeowners insurance
$1,450/yr
Transfer tax
1.000%
Attorney required at closing
Yes

Tools

New Jersey calculators