Seller's Approximate Closing Costs

Legal and Title Costs - $900-$1500

(Varies, depending on attorney and complexity of transaction)

Liens:

(A) Mortgage

(B) Mortgage Cancellation Fee - $40-$75

(C) Other Liens

Realty Transfer Tax:

See photo below "NJ Realty Transfer Fee Tax Guide"

Adjustments:

(Either a credit or change to adjust for payments made prior to or beyond the closing date)

A. Tax

B. Water/Sewer

C. Oil in tank

D. Homeowner's Association Fees

Certificate of Occupancy

(If applicable) $40-$125

Smoke Detector - $25-$50

Carbon Monoxide Certificate - $25-$75

Real Estate Commission *

NJ None-Resident Income Tax

(Exemptions apply, consult your attorney for details)

Estimated taxes are paid when deed is recorded.

Minimum amount is 2% of sales price.

Disclaimer:

The figures provided are general guidelines intended to help sellers/buyers estimate potential closing costs. They are based on New Jersey fees and are subject to change, errors, or omissions without prior notice. These estimates do not constitute legal, tax, or financial advice. Sellers/buyers should consult with a licensed professional, including a real estate agent, attorney, or financial advisor, to obtain accurate and personalized information.

Date of estimates: 4/2020

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