State-specific mortgage calculator
New Jersey mortgage calculator
Estimate your monthly mortgage payment in New Jersey using real recent borrower rates plus New Jersey-specific property tax and insurance defaults. Every input is editable; the rate you see updates from recent borrower submissions as you change credit score, loan type, or term.
New Jersey carries the highest effective property tax rate in the US. On a $500K home that’s roughly $11,000/year — often the deciding factor in whether a household can carry the mortgage.
Median home price
$500,000
New Jersey 2024-25
20% down payment
$100,000
Loan $400,000
Property tax
2.21%
~$920.833/mo on this example
Insurance
$1,300
~$108.333/mo
Mortgage calculator
Your rate is pre-filled from what real borrowers with your profile actually got — not a guess.
Your scenario
Estimated monthly payment
$3,671
Principal & interest$2,541
Property tax$921
Home insurance$208
Loan amount
$400,000
LTV 80.0%
Total interest paid
$514,918
over 30 years
Total cost of loan
$914,918
excluding tax + insurance
What a better rate is worth
Principal + interest on your $400,000 loan at nearby rates.
| Rate | Monthly P+I | vs yours / mo | Over 5 years |
|---|---|---|---|
| 6.050% | $2,411 | −$130 | −$7,822 |
| 6.300% | $2,476 | −$66 | −$3,933 |
| 6.550%yours | $2,541 | — | — |
| 6.800% | $2,608 | +$66 | +$3,976 |
Year-by-year amortization schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | $4,429 | $26,069 | $395,571 |
| 2 | $4,728 | $25,770 | $390,844 |
| 3 | $5,047 | $25,451 | $385,797 |
| 4 | $5,387 | $25,110 | $380,410 |
| 5 | $5,751 | $24,746 | $374,659 |
| 6 | $6,139 | $24,358 | $368,519 |
| 7 | $6,554 | $23,944 | $361,966 |
| 8 | $6,996 | $23,501 | $354,970 |
| 9 | $7,468 | $23,029 | $347,501 |
| 10 | $7,972 | $22,525 | $339,529 |
| 11 | $8,511 | $21,987 | $331,018 |
| 12 | $9,085 | $21,412 | $321,933 |
| 13 | $9,698 | $20,799 | $312,235 |
| 14 | $10,353 | $20,144 | $301,882 |
| 15 | $11,052 | $19,445 | $290,830 |
| 16 | $11,798 | $18,699 | $279,032 |
| 17 | $12,594 | $17,903 | $266,437 |
| 18 | $13,444 | $17,053 | $252,993 |
| 19 | $14,352 | $16,145 | $238,641 |
| 20 | $15,321 | $15,176 | $223,320 |
| 21 | $16,355 | $14,142 | $206,965 |
| 22 | $17,459 | $13,038 | $189,506 |
| 23 | $18,638 | $11,860 | $170,869 |
| 24 | $19,896 | $10,602 | $150,973 |
| 25 | $21,239 | $9,259 | $129,734 |
| 26 | $22,672 | $7,825 | $107,062 |
| 27 | $24,203 | $6,295 | $82,859 |
| 28 | $25,836 | $4,661 | $57,023 |
| 29 | $27,581 | $2,917 | $29,442 |
| 30 | $29,442 | $1,055 | $0 |
Principal + interest only; excludes tax, insurance, and PMI.
More on New Jersey mortgage rates
Real New Jersey borrower rates →
See what New Jersey borrowers actually received in the last 30 days, plus credit unions New Jersey residents can join.
Share your New Jersey quote →
Did you just get a Loan Estimate? Add it so the next New Jersey borrower has a real comparable rate to check theirs against.