Title Insurance Rate and Transfer Tax Calculator for New Jersey



New Jersey state flagEasily calculate the New Jersey title insurance rates and New Jersey transfer tax; including the NJ mansion tax. Title insurance rates or premiums are regulated in New Jersey, therefore, title rates should not vary between title insurance companies. The NJ transfer tax is customarily paid by the seller. This calculator is designed to estimate the basic and refinance title insurance rate for one to four family residences and condominiums. Please send me an E-mail if you see an error or want to make a comment. Last updated 6/2018.

PURCHASE | REFINANCE |

  New Jersey Title Insurance & Transfer Tax Calculator
 
  Selling price of property  
 
  Mortgage Amount  
 
  Transfer & Recordation Tax
 
  Property Residentially Zoned? (Y/N):  
  Seller a Nonresident Ind./Estate/Trust? (Y/N):  
  Senior/Blind/Disabled/Low and Moderate Income (Y/N):  
 
    BUYER SELLER
  State Transfer Tax
 
  Mansion Tax  
 
  Nonresident Seller Minimum Income Tax Payment:
 
  Title Insurance
  OWNERS POLICY
  CFPB Owner's Title Policy Disclosure Calculation
  Basic Owner's Policy (Actual Premium)  
  Simultaneous Loan Policy (Actual Premium)  
  Stand-alone Loan Policy (Actual Premium)  
  CFPB - Owner's Policy Disclosed Amount  
  Title Insurance Premium Adjustment  
 
  TOTAL Title Insurance Premium  
 
  Title Insurance Endorsements
 
  Closing protection letter  
 
  Alta 1-06: Street Assessment  
  Alta 22-06: Location  
  Alta 4.1-06: Condominium  
  Alta 5.1-06: Planned Unit Development  
  Alta 6-06: Variable Rate Mortgage  
  Alta 8.1-06: Environmental Protection Lien  
  Alta 9.10-06: Rem - Current Violations (Non-Residential)  
  Alta 9.10-06: Rem - Current Violations (Residential)  
  Alta 9.3-06: C C & R (Non-Residential)  
  Alta 9.3-06: C C & R (Residential)  
  Construction Loan Special Policy  
  Lender's Survey Endorsement (Without Survey)  
  Secondary Mortgage Market  
  Survey Endorsement  
  Survey Endorsement (W/O Survey) Residential Condos & Co-Ops  
  Waiver Of Arbitration  
  TOTAL  

What is the New Jersey transfer tax?

New Jersey imposes a real estate transfer tax on the sale of real property. The tax rate is somewhat confusing because the transfer rate is more expensive when the sales price is greater than $350,000.

The real estate transfer tax is discounted for the purchase and sale of a one- or two-family dwelling owned or occupied by a qualifying senior citizen aged 62 or older, a blind person, or a disabled person who is the seller; or for the purchase and sale of real property that is low and moderate income housing. Read more about the NJ transfer tax

What is a mansion tax?

The State of New Jersey imposes an additional transfer tax on properties sales greater than 1 million dollars. The mansion tax is one percent of the purchase price and this additional tax is paid by the home buyer.

Who pays the title insurance in New Jersey?

The cost of the title insurance policies (owners and loan) are typically paid by the buyer.

Can I shop for a lower title insurance rate in New Jersey?

The title insurance rates are set by the New Jersey Division of Banking and Insurance. What this means is the title premium will be the same no matter what company you decide to use.