Mortgage Rates in Perth Amboy, New Jersey — March 2026
Updated March 2026 | Based on Perth Amboy market data and regional lending conditions
Perth Amboy is a growing city in New Jersey with a population of 55,049. The current 30-year fixed mortgage rate in Perth Amboy is 6.88%, which is 0.23% above the national average. With a median home price of $449,000 and a 20% down payment of $89,800, homebuyers can expect a monthly principal and interest payment of approximately $2,361.
Current Mortgage Rates in Perth Amboy, NJ
Below are the current average mortgage rates available in the Perth Amboy 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Perth Amboy Housing Market Overview
The Perth Amboy housing market reflects moderate demand with prices near the national average. The median household income in Perth Amboy is $76,800, and the cost of living index is 123.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $135,814 to comfortably afford the median-priced home in Perth Amboy, which exceeds the current median household income.
Monthly Payment Breakdown for Perth Amboy
Based on the median home price of $449,000 with 20% down ($89,800), here is what you can expect to pay monthly in Perth Amboy:
15-Year vs. 30-Year Mortgage in Perth Amboy
Choosing a 15-year mortgage in Perth Amboy at 6.09% instead of a 30-year at 6.88% would save you $301,140 in total interest over the life of the loan. However, your monthly payment would be $3,049 instead of $2,361 — an increase of $688 per month.
Calculate Your Perth Amboy 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 Perth Amboy
What are the current mortgage rates in Perth Amboy, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Perth Amboy, New Jersey is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Perth Amboy?
Based on the median home price of $449,000 with 20% down, the estimated monthly mortgage payment in Perth Amboy is $2,361 for principal and interest. Including property taxes of $808/month, the total monthly housing cost is approximately $3,169.
What income do I need to buy a home in Perth Amboy?
Using the 28% rule, you would need an annual income of approximately $135,814 to afford the median-priced home in Perth Amboy at $449,000. The median household income in Perth Amboy is $76,800. This means most households would need to either earn above the median or consider homes below $449,000.
Is Perth Amboy a good place to buy a home in 2026?
Perth Amboy has a higher cost of living than average with a cost of living index of 123.2 (national average = 100). The property tax rate in New Jersey is 2.16%, which is above the national average. Perth Amboy has a population of 55,049 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Perth Amboy, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.