Mortgage Rates in Union Township, New Jersey — March 2026
Updated March 2026 | Based on Union Township market data and regional lending conditions
Union Township is a growing city in New Jersey with a population of 59,387. The current 30-year fixed mortgage rate in Union Township is 6.83%, which is 0.18% above the national average. With a median home price of $451,000 and a 20% down payment of $90,200, homebuyers can expect a monthly principal and interest payment of approximately $2,359.
Current Mortgage Rates in Union Township, NJ
Below are the current average mortgage rates available in the Union Township 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Union Township Housing Market Overview
The Union Township housing market reflects moderate demand with prices near the national average. The median household income in Union Township is $87,300, and the cost of living index is 123.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $136,200 to comfortably afford the median-priced home in Union Township, which exceeds the current median household income.
Monthly Payment Breakdown for Union Township
Based on the median home price of $451,000 with 20% down ($90,200), here is what you can expect to pay monthly in Union Township:
15-Year vs. 30-Year Mortgage in Union Township
Choosing a 15-year mortgage in Union Township at 6.05% instead of a 30-year at 6.83% would save you $299,520 in total interest over the life of the loan. However, your monthly payment would be $3,054 instead of $2,359 — an increase of $695 per month.
Calculate Your Union Township 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 Union Township
What are the current mortgage rates in Union Township, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Union Township, New Jersey is 6.83%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Union Township?
Based on the median home price of $451,000 with 20% down, the estimated monthly mortgage payment in Union Township is $2,359 for principal and interest. Including property taxes of $819/month, the total monthly housing cost is approximately $3,178.
What income do I need to buy a home in Union Township?
Using the 28% rule, you would need an annual income of approximately $136,200 to afford the median-priced home in Union Township at $451,000. The median household income in Union Township is $87,300. This means most households would need to either earn above the median or consider homes below $451,000.
Is Union Township a good place to buy a home in 2026?
Union Township has a higher cost of living than average with a cost of living index of 123.5 (national average = 100). The property tax rate in New Jersey is 2.18%, which is above the national average. Union Township has a population of 59,387 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 Union Township, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.