Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply
![Amanda Scully's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/698377/1621495671-avatar-amandascully.jpg?twic=v1/output=image/crop=108x108@0x13/cover=128x128&v=2)
Calculator Questions: Estimating in NJ
I have some questions about what to enter into the calculator specifically when estimating costs in New Jersey. I'm looking to do a flip and I'm wondering what I enter into the calculator for:
-purchase closing costs (my specific lender has $0 plan, but are there other fees still for title transfer, attorney, etc.?)
-sale closing costs (when I sell the flip, what range might the cost be?)
-realtor commission at resale (is there a standard percentage I should enter? I researched and found it to be about 6%...Accurate?)
-rehab costs (lender advised me that for what I'm looking for, which is 3BR/1.5-2BA single fam to flip, cosmetic repairs only, no major guts, etc. it should generally be about 35-40K but was told to overestimate to be safe to around 60k)
-holding costs (I calculate what I would pay monthly on my HML, I account for insurance, taxes, and utilities...in my specific area of northern NJ, are you entering for these amounts?)
I think that about covers it...but if I missed anything please advise! Thanks everyone!