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    Closing Cost Calculator

    NJ CLOSING COST CALCULATOR

    The exact New Jersey transfer fee, the new seller-paid graduated fee, and what a sale actually nets.

    Estimated seller costs

    NJ realty transfer fee
    $7,835
    Real estate commission
    $42,500
    Attorney
    $1,750

    Estimated net proceeds

    $797,915

    The transfer fee and graduated percent fee follow the state schedules exactly. Attorney fees and commission vary; the commission is whatever you negotiate.

    THE 2025 RULE CHANGE MOST SELLERS HAVEN'T HEARD ABOUT

    For twenty years New Jersey's mansion tax was simple: on any sale over $1,000,000 the buyer paid 1%. That ended on July 10, 2025. The fee now belongs to the seller, and it's graduated: 1% of the full price up to $2 million, 2% to $2.5 million, 2.5% to $3 million, 3% to $3.5 million, and 3.5% above that. A seller closing at $2.2 million now owes $44,000 on this fee alone, where the old rules cost them nothing.

    The realty transfer fee is older and better known, but its tiering surprises people too. On an $850,000 sale it comes to about $7,835, computed bracket by bracket from the state schedule, from $2.90 per $500 on the first $150,000 up to $5.30 per $500 at the top of that price. The calculator above uses the official schedule directly, not a flat percentage approximation.

    Put together, a New Jersey seller typically parts with 6% to 8% of the price: the negotiated commission, the transfer fee, the graduated fee where it applies, and attorney fees in the $1,500 to $2,500 range. Buyers get off lighter at roughly 2% to 4%, mostly title insurance, lender charges, and the prepaid taxes collected at closing. Every one of these numbers is worth confirming for your own contract; Aiden walks sellers through the net sheet, in Korean or English, before the listing goes live.

    If you're pricing a sale, start with the free home valuation and read the seller's guide. Buying on the other side of the move? The mortgage calculator turns a price into a monthly payment with real New Jersey taxes.

    CLOSING COST QUESTIONS, ANSWERED

    Figures follow the state fee schedules in force since July 2025.

    About $7,835, paid by the seller at closing. The fee is tiered: on a sale over $350,000 the state charges $2.90 per $500 on the first $150,000, then $4.25, $4.80, and $5.30 per $500 on the higher portions. It rises with price, reaching $6.05 per $500 on the part above $1,000,000.

    The seller. Since July 10, 2025 the former 1% buyer-paid mansion tax has been replaced by a seller-paid graduated percent fee on sales over $1,000,000: 1% up to $2 million, 2% to $2.5 million, 2.5% to $3 million, 3% to $3.5 million, and 3.5% above that, charged on the entire sale price.

    Commonly 6% to 8% of the sale price once everything is counted: the negotiated commission, the realty transfer fee, the graduated percent fee on sales over $1,000,000, attorney fees of roughly $1,500 to $2,500, and smaller payoff and recording charges. On an $850,000 sale that is typically in the $50,000 to $65,000 range.

    Typically 2% to 4% of the price on a financed purchase: title insurance, lender fees, attorney, inspections, and the prepaid taxes and insurance the lender collects at closing. Buyers no longer pay the mansion tax on sales over $1,000,000; that moved to the seller in July 2025.

    The state doesn't require one, but in northern New Jersey practically every transaction uses attorneys on both sides. The contract itself gives each side a three-business-day attorney review period after signing, and the review, title work, and closing are normally attorney-run. Budget $1,500 to $2,500.

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