New Jersey Mortgage Refinance Rates
Get a Lower rate in New Jersey whether you’re looking to reduce your monthly payment, change your loan term or refinance into a different rate.
Current New Jersey Refinance Rates
Legal Disclosures
| Loan Type | Rate | APR | Points | Est. Monthly Payment |
|---|---|---|---|---|
| FHA 30-Year Fixed | 6.500% | 7.325% | 2.000 | $2,250 |
| VA 30-Year Fixed | 6.375% | 6.790% | 2.125 | $2,210 |
| Conventional 15-Year Fixed | 6.375% | 6.854% | 2.125 | $3,024 |
| Conventional 30-Year Fixed | 6.875% | 7.165% | 2.000 | $2,299 |
| Jumbo 30-Year Fixed | 6.875% | 7.119% | 2.250 | $6,240 |
| Loan Type | Rate | APR | Points | Est. Monthly Payment |
|---|---|---|---|---|
| FHA 30-Year Refinance | 6.500% | 7.387% | 2.375 | $2,250 |
| VA 30-Year Refinance | 6.500% | 6.832% | 2.375 | $2,223 |
| Conventional 15-Year Refinance | 6.375% | 6.950% | 2.500 | $3,024 |
| Conventional 30-Year Refinance | 6.875% | 7.237% | 2.500 | $2,299 |
| Jumbo 30-Year Refinance | 6.875% | 7.131% | 2.300 | $6,240 |
| Loan Type | Rate | APR | Est. Monthly Payment |
|---|---|---|---|
| Fixed 20-Year HELOC | 9.875% | 9.875% | $956 |
| Fixed 30-Year HELOC | 10.250% | 10.250% | $896 |
| Loan Type | Rate | APR | Points | Est. Monthly Payment |
|---|---|---|---|---|
| Conventional 30-Year Cash-Out Refinance | 7.125% | 7.480% | 2.250 | $2,021 |
FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.325% APR and $2,250 monthly payment at 70% loan-to-value (LTV) and 2.000 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 6.790% APR and $2,210 monthly payment at 70% loan-to-value (LTV) and 2.125 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.854% APR and $3,024 monthly payment at 70% loan-to-value (LTV) and 2.125 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.165% APR and $2,299 monthly payment at 70% loan-to-value (LTV) and 2.000 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.119% APR and $6,240 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 1, 2026.
FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.387% APR and $2,250 monthly payment at 70% loan-to-value (LTV) and 2.375 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 6.832% APR and $2,223 monthly payment at 70% loan-to-value (LTV) and 2.375 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 6.950% APR and $3,024 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.237% APR and $2,299 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.131% APR and $6,240 monthly payment at 70% loan-to-value (LTV) and 2.300 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 1, 2026.
Fixed 20-Year HELOC: Interest rate offered based on $100,000 loan amount with 9.875% APR and $956 monthly payment at 20% loan-to-value (LTV) and 0.000 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Fixed 30-Year HELOC: Interest rate offered based on $100,000 loan amount with 10.250% APR and $896 monthly payment at 20% loan-to-value (LTV) and 0.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
Home equity lines shown assume a 3-year draw period, a $25,000 minimum initial draw, a $99 annual fee, a $100 minimum payment. Repayment period is 204 and 324 months, following the draw period. Terms are an example only and vary by line amount, property and credit profile.
Conventional 30-Year Cash-Out Refinance: Interest rate offered based on $300,000 loan amount with 7.480% APR and $2,021 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 6, 2026.
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Refinance Rates Trend in New Jersey
Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures
Legal Disclosures
The chart shows Lower's historical posted mortgage rates for New Jersey, sampled weekly on Mondays. Data effective through 2026-11-06. The chart displays historical note rates only. It does not display APR, discount points, fees, or other costs that affect total loan expense. For current rates with APR, points, and assumptions, see the rate table above. Historical rates are not predictive of current or future rates. This chart is not an offer of credit, a commitment to lend, or a Loan Estimate. Actual rates depend on credit profile, market conditions, loan amount, loan-to-value, occupancy, property type, and other factors, and can change daily. FHA loans require mortgage insurance premiums (MIP) not reflected in note rates shown. VA loans require a VA funding fee not reflected in note rates shown. Jumbo loans exceed conforming loan limits and carry different underwriting requirements.
Rates as of November 6, 2026 · Avg New Jersey property tax: 2.27% · Avg annual home insurance: $1,995
Today’s 30-year fixed refinance rate in New Jersey is 6.875% (7.237% APR), and a 15-year is 6.375% (6.950% APR). On a typical $250,000 New Jersey loan, that’s about $1,642 a month in principal and interest over 30 years or $2,161 over 15. These figures use a typical New Jersey home price of $357,700 (the average of the median prices in its largest cities) and a loan at 70% of that value. Your numbers depend on your balance, your home’s value and your credit.
How much could you save by refinancing in New Jersey?
Monthly savings on a $250,000 balance if you refinance into today’s 30-year fixed rate of 6.875% (7.237% APR), by the rate you have now. If your current rate is at or below about 6.875%, a rate-and-term refinance at today’s rate won’t lower your payment; a cash-out refinance or HELOC may fit better if you need cash.
| Your current rate | Payment now | New payment | Monthly savings | Break-even |
|---|---|---|---|---|
| 7.500% | $1,748 | $1,642 | $106 | 85 months |
| 8.000% | $1,834 | $1,642 | $192 | 47 months |
| 8.500% | $1,922 | $1,642 | $280 | 32 months |
Principal and interest only, comparing 30-year payments on the same $250,000 balance. New payment at 6.875% (7.237% APR) with 2.500 discount points. Break-even divides the points and lender fees built into that APR (about $8,941 on this loan) by the monthly savings; title, appraisal and other third-party closing costs add to that (try our refinance break-even calculator with your own numbers). Restarting a 30-year term can mean more total interest even when the payment drops.
Refinance payments in New Jersey's largest cities
Estimated monthly cost after refinancing a loan at 70% of each city’s median home price into today’s 30-year fixed rate of 6.875% (7.237% APR), with local property taxes and homeowners insurance.
| City | Median price | Loan (70%) | Principal & interest | Taxes & insurance | Total monthly |
|---|---|---|---|---|---|
| Newark | $435,000 | $305,000 | $2,004 | $842 | $2,846 |
| Jersey City | $677,000 | $474,000 | $3,114 | $1,160 | $4,273 |
| Trenton | $250,000 | $175,000 | $1,150 | $639 | $1,789 |
| Camden | $185,000 | $130,000 | $854 | $589 | $1,443 |
| Vineland | $384,000 | $269,000 | $1,767 | $895 | $2,662 |
| Atlantic City | $215,000 | $151,000 | $992 | $674 | $1,666 |
Principal and interest at 6.875% (7.237% APR) (30-year conforming refinance). Median prices from Movoto market trends, September 2026.
15-year vs. 30-year refinance in New Jersey
On a typical $250,000 New Jersey loan, a 15-year refinance costs about $518 more a month than a 30-year, but saves about $202,323 in interest over the life of the loan.
| Loan term | Rate (APR) | Principal & interest | Total interest |
|---|---|---|---|
| 30-year fixed | 6.875% (7.237% APR) | $1,642 | $341,236 |
| 15-year fixed | 6.375% (6.950% APR) | $2,161 | $138,913 |
Conforming refinance rates for New Jersey as of November 6, 2026. Total interest assumes you keep the loan for the full term and make every scheduled payment. Taxes and insurance are the same for either term.
Refinance options in New Jersey by loan type
The examples above assume you’re refinancing into a conventional loan. If you have an FHA or VA loan, owe more than the conforming limit, or want to take cash out, one of these options may fit better.
FHA streamline refinance
Refinance an existing FHA loan with limited credit documentation and often no appraisal. FHA mortgage insurance still applies.
VA IRRRL
The VA’s Interest Rate Reduction Refinance Loan lowers your rate with less paperwork than a standard refinance, with no monthly mortgage insurance.
Jumbo refinance
A balance above the county’s 2026 conforming loan limit refinances into a jumbo loan. Some New Jersey counties have higher limits, up to $1,209,750.
Cash-out refinance or HELOC
A cash-out refinance replaces your loan with a larger one and pays you the difference. A HELOC lets you borrow against your equity and keep your current rate.
New Jersey refinance FAQs
What are refinance rates in New Jersey today?
As of November 6, 2026, Lower’s 30-year fixed refinance rate in New Jersey is 6.875% (7.237% APR) and the 15-year is 6.375% (6.950% APR). FHA refinances start at 6.500% (7.387% APR) and VA refinances at 6.500% (6.832% APR). Your rate depends on your credit, equity, loan amount and points.
When does refinancing make sense in New Jersey?
When the monthly savings pay back your closing costs before you sell or refinance again. On a typical $250,000 New Jersey loan, going from 8.000% to today’s 6.875% (7.237% APR) saves about $192 a month, and the points and lender fees in today’s quote (about $8,941) take about 47 months to recover. Compare the new term too: restarting at 30 years can add interest even when the payment drops.
Do Newark, Jersey City or Trenton have higher conforming loan limits?
Yes, in some: Newark ($1,209,750), Jersey City ($1,209,750). Most of New Jersey uses $832,750 for a one-unit home in 2026. A refinance above the limit is a jumbo loan, priced today at 6.875% (7.131% APR) for 30 years.
Can I refinance a VA loan in New Jersey?
Yes. If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your rate with less paperwork than a standard refinance. Lower’s 30-year VA refinance rate in New Jersey is 6.500% (6.832% APR) today. VA and lender requirements apply.
Related New Jersey mortgage pages
Movoto market trends data, September 2026, for each city. Cities are the state's largest by Census Bureau population estimates (Vintage 2024) among cities with Movoto data; where a city has too few sales, the next-busiest markets by homes sold fill in. Conforming loan limits: FHFA, 2026. Property tax estimates use county effective rates from the American Community Survey; homeowners insurance estimates are average annual premiums from The Zebra; your quote will vary. Rates as of November 6, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.
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