New Jersey Mortgage Calculator

Estimate your monthly payment in New Jersey — including property tax (2.23% effective rate), home insurance, and PMI. Pre-filled with New Jersey averages for 2026.

$
%

= $100,000 down

%
years
Estimated payment
Total monthly payment
$3,599
Principal & interest
$2,594
Property tax (2.23%)
$929
Home insurance
$75
Loan amount
$400,000
Recommended next

Some links may earn us a commission at no cost to you.

Mortgage costs in New Jersey

Median home price
$500,000
Effective property tax
2.23%
Typical home insurance
$900/yr

The average New Jersey homeowner pays roughly $929/month in property tax on a median-priced home, plus about $75/month in home insurance. Property tax is billed by your county — actual rates vary from the state average, so check your county assessor's site for exact figures.

How much house can I afford in New Jersey?

A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median New Jersey home ($500,000) with 20% down requires roughly $154,224 in annual income.

Other calculators for New Jersey homebuyers

Mortgage calculators for other states