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New Brunswick

Current Mortgage Rates in New Brunswick, New Jersey

Compare mortgage rates and fees for leading lenders in New Brunswick, NJ. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in New Brunswick.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New Brunswick. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in New Brunswick, NJ as of April 3, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's New Brunswick, NJ Mortgage Rates Compare?

April 3, 2020

The current average rate for a 30 year fixed rate mortgage in New Brunswick is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
New Brunswick, NJ Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in New Brunswick, New Jersey?

Below we provide helpful information on the real estate market, home prices and housing affordability in New Brunswick. Understand how much you need to earn to afford a home in New Brunswick, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in New Brunswick fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in New Brunswick is right for you.

The median home value for New Brunswick, NJ (Middlesex County) is $382,047

Based on current mortgage rates and a 10% down payment, you need to make $68,759 per year to buy the median priced home in New Brunswick

With this income, you could qualify for a $343,843 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in New Brunswick is $1,592

The median household income for New Brunswick, NJ (Middlesex County) is $87,675

Based on this income, you can afford a home valued at approximately $487,156

The home price you can afford to buy based on household income in New Brunswick is 128% of the median home value which means housing prices are average. New Brunswick (Middlesex County) ranks 12 out of 21 counties in New Jersey and 2,793 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in New Brunswick, NJ is average

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Loan Limits for New Brunswick, New Jersey

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New Brunswick (Middlesex County) below.

Conforming loan limits for New Brunswick, NJ

1 unit: $765,600
2 units: $980,325
3 units: $1,184,925
4 units: $1,472,550

FHA loan limits for New Brunswick, NJ

1 unit: $765,600
2 units: $980,325
3 units: $1,184,925
4 units: $1,472,550

VA loan limits for New Brunswick, NJ

1 unit: $765,600

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