Closing Cost Calculator:
Staten Island and New Jersey
Free interactive calculator covering all four common scenarios buying or selling, in Staten Island or in New Jersey. Built with current 2025-2026 tax brackets, transfer fees, and the post-July-2025 NJ Mansion Tax shift. Toggle between buyer and seller, NY and NJ, edit the home price, and see your projected total at closing.
Adjust to your target purchase or list price.
Enter the full price if paying cash.
How Much Does It Cost to Sell a Home in New Jersey
Selling a home in New Jersey typically runs 7% to 9% of the sale price all-in. The largest line items are agent commissions, the Realty Transfer Fee (RTF), and on luxury sales, the Mansion Tax. As of July 2025, NJ shifted the 1% Mansion Tax responsibility from buyers to sellers on transactions of $1M or more this changed the math materially on the upper end of the market. Full breakdown below; calculator above runs the live numbers.
- Agent commission: Negotiated; typically 5% to 6%, split between listing and buyer agents.
- NJ Realty Transfer Fee: Graduated bracket from 0.4% up to 1.21% on the highest tier.
- NJ Mansion Tax (post-July 2025): 1% on transactions of $1M or more, paid by seller.
- Attorney fees: $1,500 to $3,500 in NJ.
- Title and recording: $300 to $800.
- Net at closing: Sale price minus payoff minus the above.
How Much Does It Cost to Sell a Home in Staten Island
Selling a home in Staten Island typically runs 6% to 8% of the sale price. The major line items are agent commissions, NYC Real Property Transfer Tax (RPTT), and NY State transfer tax. Unlike NJ, NY does not impose the post-2025 Mansion Tax shift on sellers buyers pay the NY Mansion Tax in NYC.
- Agent commission: Negotiated; typically 5% to 6%.
- NYC RPTT: 1% on sales under $500K, 1.425% on sales $500K and above (residential).
- NY State transfer tax: 0.4% (under $3M) or 0.65% ($3M and above).
- Attorney fees: $2,000 to $4,000 in NYC.
- Title and recording: Variable; typically $200 to $500 for sellers.
How Much Does It Cost to Buy a Home in New Jersey
Buying a home in New Jersey typically runs 3% to 4% in closing costs on top of your down payment. NJ has no Mortgage Recording Tax for buyers (unlike NY), which is a meaningful savings on the buyer side. Lender fees, title insurance, attorney fees, and prepaid escrows make up most of the buyer's closing costs.
How Much Does It Cost to Buy a Home in Staten Island
Buying a home in Staten Island typically runs 4% to 5% in closing costs on top of your down payment. Staten Island buyers pay both the NY Mortgage Recording Tax (1.8% to 1.925% of mortgage amount) and the NY Mansion Tax (graduated, kicks in at $1M). These two line items are the main reason NYC closing costs run higher than NJ on the buyer side.
Frequently Asked Questions
Who pays the New Jersey Mansion Tax in 2026?
As of July 2025, the seller pays the 1% NJ Mansion Tax on transactions of $1M or more. Before July 2025, it was paid by the buyer. This shift materially changed the math on luxury NJ sales.
Are closing costs negotiable?
Some are, some aren't. Government-imposed fees (transfer taxes, recording fees) are fixed by law. Attorney fees, title insurance, and lender fees are often negotiable. In a buyer's market, sellers sometimes agree to "seller concessions" that cover a portion of buyer closing costs.
What is the New York Mortgage Recording Tax?
A tax on the mortgage itself, paid by the buyer at closing in NYC. The rate is 1.8% on mortgages under $500K and 1.925% on mortgages of $500K and above. New Jersey has no equivalent buyer-side tax — one of the meaningful cost differences between buying in SI and
buying in NJ.
What is the New Jersey Realty Transfer Fee?
A graduated tax paid by the seller at closing in NJ. The fee runs from 0.4% on the lowest bracket to 1.21% on the highest. Senior and disabled veteran sellers receive partial exemptions.
Are closing costs higher in Staten Island or New Jersey?
For buyers, Staten Island is meaningfully more expensive — primarily because of NY's Mortgage Recording Tax and Mansion Tax. For sellers under $1M, NJ is usually slightly more expensive. For sellers over $1M, NJ is significantly more expensive after the July 2025 Mansion Tax shift.
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