New Jersey Home Seller Net Proceeds Calculator

Selling a Home in New Jersey

New Jersey sellers pay the state Realty Transfer Fee (RTF) on every home sale — a graduated tax collected at recordation. The effective rate climbs from 0.40% on the lowest tier to 1.21% on the portion above $1 million. The 1% 'mansion tax' on residential sales of $1 million or more is paid by the BUYER and does not affect your net. On top of the RTF, sellers pay agent commissions, the owner's title insurance policy, attorney fees, and recording fees.

New Jersey Transfer Tax & Closing Costs

New Jersey uses an attorney-closing model — both buyer and seller typically retain counsel. The seller customarily pays the full Realty Transfer Fee, the owner's title insurance policy, and their own attorney's fee.

How to Estimate Your New Jersey Net Proceeds

1. Sale Price: Start with the agreed-upon contract price.
2. Mortgage Payoff: Subtract your remaining loan balance and accrued interest through closing.
3. Transfer Taxes: Apply the state, county, and any municipal transfer tax owed by the seller.
4. Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.

New Jersey Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs

Key Factors to Consider

• NJ Realty Transfer Fee (Seller-Paid, Graduated): Effective rates: 0.40% on the first $150K, 0.67% up to $200K, 0.78% up to $350K, 0.96% up to $550K, 1.06% up to $850K, 1.16% up to $1M, and 1.21% on the portion above $1M. Calculated on a per-$500 schedule and collected at recordation.
• Mansion Tax (Buyer-Paid): Residential sales of $1 million or more carry a 1% 'mansion tax' — paid by the BUYER, not the seller. It does not affect your net proceeds.
• Non-Resident Withholding: Out-of-state sellers face a 2% Gross Income Tax withholding (or 8.97% of the estimated gain, whichever is greater) at closing. Reconciled when filing the NJ return.
• Attorney-Closing State: Both sides typically retain a real estate attorney in New Jersey. Seller attorney fees usually run $1,000–$2,000.
• Title Insurance: Title insurance premiums in New Jersey are state-promulgated. The seller customarily pays the owner's policy.

Why use this tool?

Most national net-sheet calculators ignore New Jersey's layered transfer tax structure — state, county, and municipal — and silently understate closing costs by thousands of dollars. This calculator applies the correct rates for the city you select so the bottom line reflects what you'll actually walk away with.

Need more accuracy?

This tool provides general estimates only. Confirm exact figures with your closing attorney or title company, and consult a qualified tax professional regarding state and federal capital gains or other obligations specific to your sale.

New Jersey Seller FAQ