| Transfer tax | Realty transfer fee, graduated by price (about $2.90 to $4.80 per $500), plus county fees in some counties; a supplemental fee on sales over $1 million is now paid by the seller at graduated rates of 1% to 3.5% (eff. July 10, 2025). |
|---|---|
| Usually paid by | Seller (customary) |
| Attorney at closing | Not required |
| Recording | Recording fees are set by the county clerk, typically a flat fee per document plus per-page charges. |
What drives your total
Lender fees, title insurance, prepaid taxes and insurance, and any points you buy move the number most. On a $400,000 purchase, 2–5% means roughly $8,000–$20,000 at the table, your Loan Estimate itemizes every dollar three business days before closing.
Ways to reduce cash to close
- Seller credits (negotiated in the contract, program limits apply)
- Lender credits in exchange for a slightly higher rate
- Down payment assistance programs where available
- Closing on time, per-diem interest accrues daily
Sources: Tax Foundation 2026 (2024 ACS); NJ Division of Taxation (P.L. 2025, c.69). Figures are typical ranges, not quotes.
FAQ
How much are closing costs in New Jersey?
Buyer closing costs in New Jersey typically run 2–5% of the purchase price. State-specific items include: Realty transfer fee, graduated by price (about $2.90 to $4.80 per $500), plus county fees in some counties; a supplemental fee on sales over $1 million is now paid by the seller at graduated rates of 1% to 3.5% (eff. July 10, 2025).
Who pays transfer tax in New Jersey?
Customarily the seller (customary) pays the transfer tax in New Jersey, though it is negotiable in the contract.
Does New Jersey require an attorney at closing?
No, New Jersey does not require an attorney at closing, though title insurance is still standard.