The calculator below is pre-filled with Bergen County's own property tax rate and insurance average (expand "More options" to see or edit them) — not just New Jersey's statewide figures.

Bergen County at a glance

Effective property tax rate: 1.78% of home value / year
Median home price: $755,000
Conforming loan limit (1-unit, 2026): $1,209,750

County data last updated 2026-08-28. FIPS 34003. Full source list on /methodology.

Bergen County, NJ mortgage payment calculator

All-in cost first, always — pre-filled with Bergen County tax and insurance figures. Estimate only, not a loan quote or pre-approval.

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PMI removal calculator

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Mortgage points calculator

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Related reading

Closing Costs in New Jersey: What You'll Actually Pay

New Jersey's realty transfer fee is the seller's bill, and the mansion tax flipped to sellers in 2025. Here's what closing a $550,000 NJ home costs a buyer.

What Is PMI, and How Do You Get Rid of It?

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.

New Jersey at a glance

Median home price: $550,000
Typical closing costs: 2%–5% of price
Transfer tax: 1% of sale price, customarily paid by seller
Closing custom: varies
Homestead exemption: New Jersey has no classic ad-valorem homestead exemption (no flat dollar/percent reduction in assessed value like FL or TX). Instead relief runs through rebate-style programs administered by the Division of Taxation: (1) ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) — the broad annual rebate that replaced the old Homestead Rebate/Benefit program in 2022, paying eligible homeowners a check/credit generally $1,000-$1,750 depending on 2025 income and age (65+), with income eligibility up to roughly $250,000 for homeowners; renters get a smaller flat amount. (2) Senior Freeze (Property Tax Reimbursement) — freezes/reimburses property tax increases above a base year for eligible seniors (65+) or disabled residents who have owned and lived in the home 10+ continuous years, with an income cap around $168,000-ish (indexed annually). (3) Stay NJ — a newer credit specifically for seniors 65+, coordinated with ANCHOR and Senior Freeze so households don't double-benefit. All three now share a single combined PAS-1 application. None of these reduce the assessed value the way a Southern/Sunbelt-style homestead exemption does; they are rebate/reimbursement checks or credits layered on top of the full assessed tax bill, which is why NJ's nominal effective property tax rate stays the highest in the country even with these programs in place.

First-time buyer / down payment assistance programs

NJHMFA First-Time Homebuyer Mortgage Program
New Jersey Housing and Mortgage Finance Agency's (NJHMFA) competitive 30-year fixed-rate, government-insured (FHA/VA/USDA) first mortgage for eligible first-time homebuyers purchasing a primary residence in New Jersey. Can be paired with the NJHMFA Down Payment Assistance Program. First-time-buyer requirement is waived for purchases in a designated Urban Target Area (UTA) and for qualified veterans.
NJHMFA Down Payment Assistance Program (DPA)
Interest-free, no-monthly-payment second loan of up to $15,000 (up to $10,000 in lower-cost counties) toward down payment and/or closing costs, forgiven after 5 years of continuous owner-occupancy. Must be paired with an NJHMFA first mortgage (typically the First-Time Homebuyer Mortgage Program); usable only once per borrower. A separate NJHMFA First Generation Down Payment Assistance Program can add up to $7,000 more (total $17,000-$22,000) for eligible first-generation buyers.