I see you received no replies. It could be because it was posted in Sacramento, CA while you reflect having purchased a home in Mays Landing, NJ.
Your CPA who is completing your taxes would have the answer to this question, not a realtor. I do know that Mortgage insurance, or PMI is now allowed as a deduction in your taxes. Beyond that, take your closing statement with you to your CPA and have them explain what is deductible or not related to both your federal and state income taxes.
Just want to add to Sarah's comment, that some caution in celebrating the "seller's market". She is correct, strong for sellers, lots of buyers, demand exceeding supply. BUT....don't have the mis-thought that a home can be over priced, or that a financed offer well over comparable market analysis values will go thru smoothly. The lenders of today are still cautious and so if your home's market value is $200,000, then that's the value you should list at. No speculation, like in '07 and that era--when the neighbors home sold for 200k, and then you can list your like house for 230K the next week, and get it sold.... more