Mortgage Calculator NJ

Our mortgage calculator NJ is a valuable tool to help you estimate your monthly mortgage payments accurately.

5%

1%

5%

1421

Monthly Payment

Principal & Interest 1421

Monthly Taxes 1421

Monthly HOA 1421

Monthly Insurance 1421

Whether you're interested in a specific location or want to explore options throughout the state, our mortgage calculator in NJ ensures precise results tailored to New Jersey's unique real estate landscape.

Plan your budget wisely and make informed decisions with our user-friendly mortgage calculator for NJ. Best of all, it's completely free! Take advantage of our free mortgage calculator NJ to get a clear picture of your potential monthly expenses and pave the way to your dream home in New Jersey.

mortgage calculator NJ

Mortgage Calculators In New Jersey With Taxes:

A mortgage calculator in New Jersey with taxes is a financial tool that helps homebuyers in New Jersey estimate their monthly mortgage payment. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.

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Mortgage Rate Calculator In New Jersey

A mortgage rate calculator in New Jersey is a tool that can help you estimate your monthly mortgage payment based on the home price, down payment, interest rate, loan term, and property taxes. This is a valuable tool for homebuyers in New Jersey, as the state has some of the highest property taxes in the country.

Mortgage Calculator With Extra Payments In New Jersey

A mortgage calculator with extra payments in New Jersey is a financial tool that helps homebuyers in New Jersey estimate their monthly mortgage payment, including the impact of making additional payments. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.

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Mortgage Calculator With Down Payment In New Jersey

A mortgage calculator with down payment in New Jersey is a financial tool that helps homebuyers in New Jersey estimate their monthly mortgage payment, including the impact of a down payment. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.

FHA Mortgage Calculator In New Jersey

An FHA mortgage calculator in New Jersey is a financial tool that helps homebuyers in New Jersey estimate their monthly mortgage payment with an FHA loan. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.

Refinance Mortgage Calculator In New Jersey

A refinance mortgage calculator in New Jersey is a financial tool that helps homebuyers in New Jersey estimate their monthly mortgage payment after refinancing their current mortgage. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.

Mortgage Affordability Calculator NJ

A mortgage affordability calculator is a financial tool that helps homebuyers in New Jersey estimate how much they can afford to spend on a home. The calculator takes into account your income, debt, and other financial obligations, as well as the current interest rates and property taxes in New Jersey.

Here are some of the factors that a mortgage affordability calculator in New Jersey will consider:

Income: Your gross monthly income, after taxes.

Debt: Your monthly debt payments, including student loans, car loans, and credit card debt.

Other financial obligations: Any other monthly expenses you have, such as child care or transportation costs.

Purchase price: The price of the home you are interested in buying.

Interest rate: The interest rate you are expecting to get on your mortgage.

Property taxes: The property taxes in the area where the home is located.

Average Monthly Mortgage Payment In New Jersey

As of July 2023, the average monthly mortgage payment in New Jersey is $1,367. 

Here are some tips for reducing your monthly mortgage payment:

  • Make a larger down payment. This will reduce your monthly mortgage payment by lowering the amount you need to borrow.
  • Choose a shorter loan term. This will increase your monthly payment, but you will pay off your mortgage sooner and save money on interest.
  • Get a fixed-rate mortgage. This will lock in your interest rate, so you won't have to worry about it going up in the future.
  • Consider an FHA or VA loan. These loans have lower down payment requirements, which can save you money upfront.
  • Shop around for the best mortgage rate.

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Mortgage Plus Property Tax Calculator NJ

A mortgage plus property tax calculator is a financial tool that helps you estimate your monthly mortgage payment, including property taxes. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.


Here are some of the factors that you will need to input into a mortgage plus property tax calculator:

  1. Home price
  2. Down payment
  3. Interest rate
  4. Loan term
  5. Property taxes
  6. Homeowners insurance

Mortgage Calculator With Taxes And Insurance In New Jersey

A mortgage calculator with taxes and insurance in New Jersey is a financial tool that helps you estimate your monthly mortgage payment, including property taxes and homeowners insurance. This type of calculator accounts for the state's high property taxes, which can add significantly to the monthly cost of owning a home.


Here is an example of how a mortgage calculator with taxes and insurance in New Jersey can be used:

  1. Home price: $300,000
  2. Down payment: 20% ($60,000)
  3. Interest rate: 5%
  4. Loan term: 30 years
  5. Property tax rate: 2.4%
  6. Homeowners insurance rate: $1,000 per year

The mortgage calculator with taxes and insurance in New Jersey would estimate your monthly mortgage payment to be $1,554. This payment would include $1,124 for principal and interest, $280 for property taxes, and $150 for homeowners insurance.

Mortgage Rates NJ 30 Year Fixed

As of July 28, 2023, the average 30-year fixed mortgage rate in New Jersey is 5.56%. This is up from 5.45% last week and 3.11% a year ago. The average interest rate on a 15-year fixed mortgage is 4.98%, up from 4.87% last week and 2.53% a year ago.


The higher interest rates are due to a number of factors, including rising inflation and the Federal Reserve's efforts to combat it by raising interest rates. These higher rates will make it more expensive to buy a home, but they could also help to cool the housing market, which has been very hot in recent months.

Closing Cost Calculator New Jersey

A closing cost calculator is a financial tool that helps you estimate the total closing costs associated with buying a home in New Jersey. Closing costs are the fees and expenses that you will need to pay at the closing of your home purchase. They can vary depending on the property, the lender, and the type of mortgage you choose.

Here is an example of how a closing cost calculator in New Jersey can be used:

  1. Home price: $300,000
  2. Down payment: 20% ($60,000)
  3. Interest rate: 5%
  4. Loan term: 30 years
  5. Property tax rate: 2.4%
  6. Homeowners insurance rate: $1,000 per year
  7. Lender's estimated closing costs: $5,000


The closing cost calculator would estimate your total closing costs to be $11,554. This would include $5,000 in lender's estimated closing costs, $2,554 in title insurance, $1,500 in appraisal fees, and $500 in recording fees.

Mortgage Rates NJ

Stay informed with the latest updates on mortgage rates NJ. Currently, the rates for various loan terms in New Jersey are as follows:

  • 30-year fixed: 5.60%
  • 15-year fixed: 4.99%
  • 10-year fixed: 4.49%
  • 7-year ARM: 4.34%
  • 5-year ARM: 4.19%

NJ Interest Rates Today

  1. Prime Rate: 4.75%
  2. Federal Funds Rate: 1.50%
  3. Discount Rate: 1.50%
  4. Treasury Yield: 3.20%

Please keep in mind that interest rates are subject to constant changes, so the rates listed here may not be accurate at the time of your reading. However, this information provides a general idea of the current interest rates in New Jersey. Stay vigilant and consult with mortgage lenders to secure the most up-to-date information on mortgage rates NJ and NJ interest rates today for your home buying journey.

Mortgage Calculator NJ-FAQs:

How much house can I afford in NJ?

There are a few factors to consider when determining how much house you can afford in NJ, including your income, debt, and savings. You can use a mortgage calculator to get an estimate of how much you can afford based on your financial situation. However, it is important to remember that these calculators are just estimates, and your actual mortgage payment may be higher or lower depending on the specific property you purchase.

How much mortgage can I afford in NJ?

The amount of mortgage you can afford in NJ will depend on your income, debt, and savings. You can use a mortgage calculator to get an estimate of how much you can afford based on your financial situation. However, it is important to remember that these calculators are just estimates, and your actual mortgage payment may be higher or lower depending on the specific property you purchase.

What are the mortgage rates today in NJ?

The mortgage rates in NJ are constantly changing, so it is important to check with a lender to get the most up-to-date information. As of July 29, 2023, the average 30-year fixed mortgage rate in NJ is 5.60%. This is up from 5.56% yesterday and 3.11% a year ago. The average interest rate on a 15-year fixed mortgage is 4.99%, up from 4.98% yesterday and 2.53% a year ago.

Is Freehold NJ expensive?

Freehold, NJ is a relatively expensive area to live in. The median home price in Freehold is currently $600,000. This is significantly higher than the median home price in New Jersey as a whole, which is currently $350,000.

Why are NJ homes so expensive?

There are a few reasons why NJ homes are so expensive. First, NJ is a desirable place to live. The state has a strong economy, good schools, and a variety of cultural and recreational activities. Second, NJ has a limited supply of land. The state is densely populated, and there is not a lot of open space for development. Third, NJ has high property taxes. These taxes add to the cost of owning a home in the state.

Mortgage Calculator NJ