How Much Will You
Walk Away With?
Estimate your net proceeds after commissions, NJ Realty Transfer Fee, attorney fees, and your mortgage payoff. Every transaction is different — use this as a starting point for your planning conversations.
Your Numbers
Enter 0 if you own free and clear
Typical range: $1,500–$2,500
HELOC, second mortgage, judgment liens, etc. Enter 0 if none.
Smoke/CO cert, municipal CO, fire inspection — varies by town ($150–$1,000+)
Paint, flooring, landscaping, deferred maintenance before listing
Inspection credits, closing cost contributions, price reductions, etc.
Local moves: $1,500–$4,000. Long-distance: $5,000–$15,000+
Staging, storage, temporary housing, etc. Enter 0 if none.
After all estimated costs from a $700,000 sale
Cost Breakdown
NJ Realty Transfer Fee for $700,000: $5,270
NJ RTF is a tiered state tax. Seniors selling their primary residence may qualify for a reduced rate. Your attorney will calculate the exact amount at closing.
Seller Closing Cost FAQ
What is the NJ Realty Transfer Fee?
The New Jersey Realty Transfer Fee (RTF) is a state tax paid by the seller at closing, calculated on a tiered basis based on the sale price. On a $700,000 home, the RTF is approximately $7,565. Seniors selling primary residences may qualify for a reduced rate.
How much are attorney fees for sellers in NJ?
Real estate attorney fees in Northern NJ typically range from $1,500–$2,500 for a standard transaction. Attorneys are not optional in New Jersey — both buyer and seller are represented by their own attorneys.
Do sellers pay closing costs in New Jersey?
Yes. In addition to commission and RTF, sellers pay attorney fees, recording fees, any agreed seller credits to buyers, and potential municipal inspection fees (required in some Bergen County municipalities). Total seller closing costs typically run 7–9% of the sale price.
Can I estimate my mortgage payoff myself?
Your mortgage servicer provides a formal payoff statement valid for 10–30 days. For estimation purposes, use your current balance and add 30–45 days of interest at your mortgage rate. Your attorney requests the official payoff as part of the closing process.