Closing Costs & Cash-to-Close
Planning estimate. Costs vary by lender, title company, county, and loan program.
NJ Down Payment Assistance
New Jersey offers several programs to help first-time buyers. Select your county to see estimated assistance amounts.
Note: This is an estimate. Confirm eligibility with a participating NJHMFA lender.
NJHMFA DPA
$10,000
Based on Atlantic County
First-Gen Bonus
$0
Not selected
Potential Total
$10,000
Forgivable after 5 years
Eligibility
- • First-time homebuyer (or 3+ years since ownership)
- • Meet income limits for your county
- • Use a participating lender
- • Complete homebuyer education
VA Loan OptioniVA is not a grant. It can reduce cash needed (often no down payment), depending on eligibility.
If VA-eligible, compare VA vs FHA/Conventional. VA often requires $0 down payment and no PMI.
Inputs
Credits / deposits
Buyer's Agent CommissionNew Rules
As of August 2024, due to the NAR settlement, buyers now negotiate their agent's commission separately. The seller may still offer to pay it, but it's no longer automatic. You have options:
- Seller pays: Negotiate for the seller to cover your agent's fee (common in buyer's markets)
- Buyer pays: You pay your agent directly (adds to your cash needed)
- Split or reduced rate: Negotiate a lower rate or share the cost
Typical fees (edit as needed)
Points (optional)
Points are prepaid interest. You pay more at closing to get a lower rate.
1 point = 1% of the loan amount
If you keep the loan past the break-even date, points usually make more sense.
Estimated cash to close
$0
After NJ help (if eligible):$0iThis subtracts the NJ help estimate widget from cash-to-close. Not guaranteed and not included in the main calculation.
Down payment
$0
Closing costs (est.)
$0
Credits / deposits
- $0
Base loan amount
$0
FHA upfront MIP (UFMIP) estimate: $0. This example assumes it is financed into the loan (common).
Total loan w/ financed UFMIP ≈ $0
Points summary
Points cost
$0
New rate
0.000%
Base rate 0.000% • 1 yrs
Monthly savings (P&I)
$0.00
P&I: $0.00 → $0.00
Break-even
—
Points don’t reduce payment with these assumptions. (Based on your “keep the loan” estimate.)
Rule of thumb: if you’ll refinance or sell before the break-even point, points usually aren’t worth it.
Breakdown (estimate)
Down payment$0.00
Lender fees$0.00
Title / settlement$0.00
Recording / transfer$0.00
Appraisal$0.00
Inspection$0.00
Discount points$0.00
Prepaid interest (~$0.00/day × 0 days)$0.00
Tax escrow (0 mo × $0.00)$0.00
Insurance escrow (0 mo × $0.00)$0.00
Subtotal closing costs$0.00
Credits / deposits- $0.00
Estimated cash to close$0.00
After NJ help (if eligible)$0.00
NJ title/settlement and county recording/transfer fees vary. Use this as a planning tool.