NJ Mortgage Catch-Up Calculator

How to get the real number

1
Ask for a written reinstatement quote
Request it in writing from your servicer. Once a foreclosure case is filed, the lender’s attorney often produces it. Ask for an itemized quote, so you can check each line against your own records.
2
Ask for reinstatement, not payoff
Reinstatement is the arrears: what brings the loan current. Payoff is the entire loan balance. People have panicked at a payoff figure when the reinstatement amount was a fraction of it. Ask for the right one, or both.
3
Get the good-through date
The total grows daily, so every quote is time-limited. Funds that arrive after the good-through date can be returned rather than applied. If you need a week to gather the money, ask for a quote dated for that week.
4
Check it, then pay it safely
Confirm the payment count, the late charges, and any inspection or attorney fees. Dispute errors in writing. Pay with certified funds exactly as the quote instructs, by a trackable method, and get written confirmation that the loan is current.

The reinstatement quote guide walks through reading a quote line by line.

What New Jersey law gives you

A warning with the number on it. Before a foreclosure complaint can be filed, your lender must send a Notice of Intention to Foreclose at least 30 days in advance. Under the Fair Foreclosure Act, it must state the amount required to cure the default. Check that figure against your own records.
A right to cure that lasts. The Fair Foreclosure Act generally preserves the right to reinstate by paying the arrears and allowable costs up to entry of final judgment, later than most homeowners assume. Earlier is cheaper: fees and costs grow as the case moves.

Free help first

HUD-approved housing counselor: 800-569-4287. Free; they can help you request a quote and apply for a repayment plan, forbearance or modification.
Legal Services of New Jersey: 1-888-576-5529. Free legal help for income-eligible homeowners.

If the number is out of reach, you still have options. Forbearance can pause or reduce payments while you recover, and a loan modification can change the loan terms. If there is equity, compare what a sale before the auction would leave you.

Quick answers

How much does it cost to catch up on a mortgage in New Jersey?

Generally, every missed payment plus late fees and the lender’s allowable fees and costs, including foreclosure attorney fees and costs once a complaint has been filed. This calculator gives an educational estimate. The exact number comes only from your servicer’s written, itemized reinstatement quote.

Until when can I reinstate my mortgage in New Jersey?

New Jersey’s Fair Foreclosure Act generally preserves the right to cure the default up to entry of final judgment. Earlier is cheaper, because attorney fees, costs and late charges keep adding to the total. A licensed New Jersey attorney or Legal Services of New Jersey can confirm how the rule applies to your case.

Where do I find the amount needed to cure the default?

Before a case is filed, the Notice of Intention to Foreclose must state the amount required to cure the default under the Fair Foreclosure Act. After that, request a written reinstatement quote from your servicer with a good-through date, because the total changes daily.

What if I can’t pay the full amount at once?

Tell your servicer and ask about the options its loss mitigation department handles, such as a repayment plan, forbearance, or a loan modification. Lenders are not required to offer any particular plan. A free HUD-approved housing counselor (800-569-4287) can help you apply.

How accurate is this calculator?

It is an educational estimate based on what you enter. A real quote can include items your statement does not show, such as escrow advances, per-diem interest, and fees posted after the statement date. Nothing you type is stored or sent anywhere.