Closing costs in New Jersey
On a $500,000 home with 20% down, buyers in New Jersey typically pay about $10,817 to $22,867 at closing, including prepaid taxes and insurance.
Typical buyer total2.2%–4.6%Of the price, 20% down
Closings handled byAn attorneyBuyers usually hire their own
Buyer-paid taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | New Jersey’s realty transfer fee and, since July 10, 2025, its graduated “mansion tax” on sales over $1 million are paid by the seller. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $8,430 – $17,800 | 2.8%–5.9% |
| $300,000 | FHA, 3.5% down | $8,704 – $18,563 | 2.9%–6.2% |
| $500,000 | Conventional, 20% down | $10,817 – $22,867 | 2.2%–4.6% |
| $500,000 | FHA, 3.5% down | $11,274 – $24,139 | 2.3%–4.8% |
| $750,000 | Conventional, 20% down | $13,800 – $29,200 | 1.8%–3.9% |
| $750,000 | FHA, 3.5% down | $14,486 – $31,108 | 1.9%–4.1% |
Who pays what in New Jersey
New Jersey’s realty transfer fee and, since July 10, 2025, its graduated “mansion tax” on sales over $1 million are paid by the seller.
Questions
How much are closing costs for buyers in New Jersey?
Often about 2.2% to 4.6% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in New Jersey?
No. New Jersey’s realty transfer fee and, since July 10, 2025, its graduated “mansion tax” on sales over $1 million are paid by the seller.
More for New Jersey
Sources: NJ Division of Taxation (Realty Transfer Fee, Graduated Percent Fee, P.L. 2025). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.