New Jersey Mortgage Calculator
Calculate your mortgage payment in New Jersey. Pre-filled with NJ median home price ($500,000), property tax rate (2.23%), and local insurance costs.
New Jersey at a Glance
$500,000
Median Home Price
2.23%
Property Tax Rate
$1,800
Avg Home Insurance
$766,550
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Mortgage Calculator in New Jersey
The median home price in New Jersey is $500,000, which is 19% above the national average of $420,000. New Jersey's effective property tax rate of 2.23% is 1.13 percentage points higher than the national average of 1.1%.
| Metric | New Jersey (NJ) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $500,000 | $420,000 | +19% |
| Property Tax Rate | 2.23% | 1.1% | +1.13% |
| Home Insurance (Annual) | $1,800 | $2,300 | -22% |
| State Sales Tax | 6.625% | 5% | +1.6% |
| FHA Loan Limit | $766,550 | $472,030 | Higher |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
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