Hudson County Carrying Cost Calculator
The true monthly cost of a Hoboken or Jersey City condo: mortgage, taxes or PILOT, HOA, insurance, and PMI, in one number. Built for how this market actually works, abatements and all.
Build your true monthly number
Shop on this number, not the list price. A lower-priced unit with high taxes and a big HOA can cost more every month than a pricier unit with an abatement. Deep dives: what a condo really costs per month, how abatements work, and how much you need down.
Carrying cost questions
Why does the same list price carry so differently?
Taxes and HOA fees vary building to building, and an abatement schedule can change the tax line entirely. Two condos at the same price can differ by well over a thousand dollars a month, which is why the all-in monthly number, not the list price, is the number to shop on.
What tax number should I enter?
Use the actual current tax bill or PILOT payment for the specific unit, never a listing estimate. In Jersey City, ask whether the building carries an abatement, how many years remain, and what the step-ups are.
What does this leave out?
Utilities, maintenance reserves, and closing costs. Buyers should also hold real savings after closing. For the full picture, see what a condo really costs per month and NJ closing costs for buyers.
Want the real numbers on a specific unit?
Send me the address and I will build the true monthly cost with the actual taxes, fees, and abatement schedule: 908-227-8226, or book below.
Estimates are for planning only. Confirm taxes, fees, insurance, and loan terms for any specific home with your lender and attorney.
How this calculator works
The monthly total adds principal and interest, property taxes or PILOT, HOA dues, insurance and the monthly PMI amount you enter. Principal and interest use the purchase price less the down payment, the entered annual interest rate and the loan term. Annual taxes and insurance are divided by twelve. Enter actual unit-specific taxes or PILOT and a lender-provided PMI estimate; this calculator does not automatically estimate either from the purchase price. It has no separate flood-insurance field. Add any separate flood policy, utilities, parking and maintenance reserves to your budget. The down-payment figure excludes closing costs, prepaid items and lender reserve requirements.
Sources
Hoboken tax rate: the City of Hoboken tax collector, current year. Jersey City certified general tax rate: the Jersey City Tax Assessor, current year. Abatement schedules: the building’s financial agreement and the assessor. Mortgage insurance ranges: the lender’s rate sheet. Flood insurance: FEMA and the NFIP rate for the building’s zone and elevation.
Quick answers about this calculator
What is the property tax rate in Hoboken and Jersey City?
Hoboken’s 2025 general rate is 1.805 percent of taxable assessed value and Jersey City’s is 2.335 percent (the state’s computed 2025 effective rates are 1.070 and 1.847 percent of market value), with abated Jersey City buildings paying on their own schedule; confirm the current rates with each city and note that assessed values do not always match prices.
What do HOA dues cover in a Hoboken or Jersey City condo?
The common elements, staff, amenities, the master insurance, and the reserve, and in many buildings water, gas, or heat; the listing states the inclusions, and the building guides on this site note them for each building.
Do I need flood insurance for a condo in Hoboken?
Have your lender and insurance professional review the building’s flood-zone determination, association master policy and any unit-level coverage requirements. An upper-floor unit does not by itself settle the building’s coverage requirement. Fannie Mae’s flood-insurance requirements address attached condominium buildings and master policies. FEMA’s condominium coverage guidance explains that building and contents coverage have separate limits and deductibles.
Get the exact number
For the true monthly number on a specific unit, with the actual tax line, the abatement schedule where it applies, and the building’s dues and inclusions, send the address to [email protected] or book a call.