Closing Adjustments Calculator
Calculate New Jersey property-tax prorations under N.J.S.A. 54:4-56, periodic charges, prepaid interest, and custom settlement adjustments in one combined statement.
One closing, one summaryBuyer debits and credits from every section carry into the combined total.
Closing information
New Jersey property-tax proration
Statutory default: Unless the written agreement provides otherwise, the seller is liable for the portion of the current calendar year's taxes from January 1 through the date the deed is delivered. If current-year taxes have not been determined, use the last previously assessed annual tax as the basis.
Leave blank if no current-year taxes have been paid. The calculator determines whether the result is a buyer debit or buyer credit.
Utilities, assessments and periodic charges
Use exact billing-period dates for sewer, water, HOA dues, rent, assessments and similar items. A 360-day basis uses 30/90/180/360 days according to frequency; a 365-day basis uses the actual number of days in the selected period.
Prepaid / per-diem interest
Custom settlement adjustments
Add fixed dollar adjustments that do not require a day-count calculation.
Combined closing-adjustment summary
Calculation conventions
Property taxes: calendar-year allocation under the statutory default, using 365 or 366 actual days. Periodic charges: actual billing period or selected 360-day convention. Interest: principal × annual rate ÷ selected basis × included days. Contract terms and closing instructions control when they differ from these defaults.