Mortgage Rates in Monmouth Beach, New Jersey — March 2026
Updated March 2026 | Based on Monmouth Beach market data and regional lending conditions
Monmouth Beach is a smaller New Jersey community of 22,838 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.62% (0.03% below the national average). The median home price of $320,000 translates to roughly $2,297/month with 20% down — requiring an income of about $98,443, which exceeds the local median of $68,000.
Current Mortgage Rates in Monmouth Beach, NJ
Below are the current average mortgage rates available in the Monmouth Beach 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Monmouth Beach Housing Market Overview
Housing in Monmouth Beach sits near the national average at $320,000. With a median household income of $68,000 and a cost of living index of 105.4, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Monmouth Beach
Based on the median home price of $320,000 with 20% down ($64,000), here is what you can expect to pay monthly in Monmouth Beach:
15-Year vs. 30-Year Mortgage in Monmouth Beach
Choosing a 15-year mortgage in Monmouth Beach at 5.89% instead of a 30-year at 6.62% would save you $203,580 in total interest over the life of the loan. However, your monthly payment would be $2,145 instead of $1,638 — an increase of $507 per month.
Calculate Your Monmouth Beach 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 Monmouth Beach
What are the current mortgage rates in Monmouth Beach, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Monmouth Beach, New Jersey is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Monmouth Beach?
Based on the median home price of $320,000 with 20% down, the estimated monthly mortgage payment in Monmouth Beach is $1,638 for principal and interest. Including property taxes of $659/month, the total monthly housing cost is approximately $2,297.
What income do I need to buy a home in Monmouth Beach?
Using the 28% rule, you would need an annual income of approximately $98,443 to afford the median-priced home in Monmouth Beach at $320,000. The median household income in Monmouth Beach is $68,000. This means most households would need to either earn above the median or consider homes below $320,000.
Is Monmouth Beach a good place to buy a home in 2026?
Monmouth Beach has a moderate cost of living with a cost of living index of 105.4 (national average = 100). The property tax rate in New Jersey is 2.47%, which is above the national average. Monmouth Beach has a population of 22,838 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Monmouth Beach, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.