Mortgage Rates in New Brunswick, New Jersey — March 2026
Updated March 2026 | Based on New Brunswick market data and regional lending conditions
New Brunswick is a growing city in New Jersey with a population of 56,100. The current 30-year fixed mortgage rate in New Brunswick is 6.67%, which is 0.02% above the national average. With a median home price of $512,000 and a 20% down payment of $102,400, homebuyers can expect a monthly principal and interest payment of approximately $2,635.
Current Mortgage Rates in New Brunswick, NJ
Below are the current average mortgage rates available in the New Brunswick area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
New Brunswick Housing Market Overview
The New Brunswick housing market is competitive with prices well above the national median. The median household income in New Brunswick is $86,500, and the cost of living index is 126.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $151,500 to comfortably afford the median-priced home in New Brunswick, which exceeds the current median household income.
Monthly Payment Breakdown for New Brunswick
Based on the median home price of $512,000 with 20% down ($102,400), here is what you can expect to pay monthly in New Brunswick:
15-Year vs. 30-Year Mortgage in New Brunswick
Choosing a 15-year mortgage in New Brunswick at 5.93% instead of a 30-year at 6.67% would save you $329,220 in total interest over the life of the loan. However, your monthly payment would be $3,441 instead of $2,635 — an increase of $806 per month.
Calculate Your New Brunswick Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in New Brunswick
What are the current mortgage rates in New Brunswick, NJ?
As of March 2026, the average 30-year fixed mortgage rate in New Brunswick, New Jersey is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in New Brunswick?
Based on the median home price of $512,000 with 20% down, the estimated monthly mortgage payment in New Brunswick is $2,635 for principal and interest. Including property taxes of $900/month, the total monthly housing cost is approximately $3,535.
What income do I need to buy a home in New Brunswick?
Using the 28% rule, you would need an annual income of approximately $151,500 to afford the median-priced home in New Brunswick at $512,000. The median household income in New Brunswick is $86,500. This means most households would need to either earn above the median or consider homes below $512,000.
Is New Brunswick a good place to buy a home in 2026?
New Brunswick has a higher cost of living than average with a cost of living index of 126.1 (national average = 100). The property tax rate in New Jersey is 2.11%, which is above the national average. New Brunswick has a population of 56,100 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the New Brunswick, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.