Therefore being justified by faith, we have peace with God through our Lord Jesus Christ: By whom also we have access by faith into this grace wherein we stand, and rejoice in hope of the glory of God. ~ Romans 5:1-2 KJV

Therefore, since we have been justified through faith, we have peace with God through our Lord Jesus Christ, through whom we have gained access by faith into his grace in which we now stand. And we rejoice in the hope of the glory of God. ~ Romans 5:1-2 NIV (1984)

Therefore, since we are justified (acquitted, declared righteous, and given a right standing with God) through faith, let us [grasp the fact that we] have [the peace of reconciliation to hold and to enjoy] peace with God through our Lord Jesus Christ (the Messiah, the Anointed One). Through Him also we have [our] access (entrance, introduction) by faith into this grace (state of God’s favor) in which we [firmly and safely] stand. And let us rejoice and exult in our hope of experiencing and enjoying the glory of God. ~ Romans 5:1-2 AMP