Mortgage on a $750K house in New Jersey
$5,547 a month with 20% down — $4,036 principal and interest plus $1,136 property tax and $375 insurance.
New Jersey's typical property tax is 1.82% of the home's value a year (U.S. average 0.9%), which adds $1,136 a month on a $750K home. The typical home in New Jersey is worth $575,123, so $750K is 30% above the typical price.
$750K home in New Jersey: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $150,000 | $600,000 | $4,036 | $0 | $1,511 | $5,547 | $237,700 |
| 10% down | $75,000 | $675,000 | $4,541 | $281 | $1,511 | $6,333 | $271,400 |
| 5% down | $37,500 | $712,500 | $4,793 | $297 | $1,511 | $6,601 | $282,900 |
| 3.5% down (FHA) | $26,250 | $736,416 | $4,954 | $332 | $1,511 | $6,797 | $291,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.82% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in New Jersey does $750K buy a typical home?
In these counties the typical home value is within 15% of $750K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Bergen County | $780,357 | 1.61% | $5,415 |
| Monmouth County | $786,951 | 1.65% | $5,443 |
| Morris County | $701,797 | 1.72% | $5,484 |
| Cape May County | $813,005 | 1.22% | $5,174 |
| Essex County | $658,593 | 1.91% | $5,604 |
| Somerset County | $656,346 | 1.81% | $5,543 |
18 of 21 New Jersey counties tracked by Zillow have a typical home value at or below $750K. See all New Jersey home prices.
Other prices in New Jersey
Frequently asked questions
What is the mortgage on a $750K house in New Jersey?
About $5,547 a month with 20% down at 7.11%: $4,036 principal and interest, $1,136 property tax and $375 insurance.
How much do I need to make to buy a $750K house in New Jersey?
About $237,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $750K house in New Jersey?
At New Jersey's typical effective rate of 1.82%, about $13,632 a year. Rates vary by county and city — see the county pages.