Florida closing cost calculator
See what you'll likely bring to closing as a buyer, or walk away with as a seller, using Florida's actual tax and title rates.
Estimated cash to close
$0
Florida taxes: documentary stamp tax on the deed is $0.70 per $100 of price and on a new mortgage $0.35 per $100 borrowed, and intangible tax on a new mortgage is 0.2 percent. Title premiums use Florida's promulgated owner's rates (Rule 69O-186.003, F.A.C.) with a $25 simultaneous lender's policy; endorsements and title search fees vary. Not a Loan Estimate or settlement statement.
Talk it through with TaniyaTaniya Refai | Florida Homes Realty & Mortgage | Brokerage Lic. CQ1032918 | Office (904) 996-9115
What goes into Florida closing costs
Buyers usually pay lender fees, the lender's title policy, Florida's documentary stamp tax on the mortgage and intangible tax on the loan, recording fees, and prepaid items like the first year of homeowners insurance and an escrow deposit for taxes and insurance. If you're paying cash, the mortgage taxes and lender fees drop off.
Sellers usually pay documentary stamp tax on the deed, the owner's title policy where that's customary, commissions as agreed, their share of the year's property taxes, any association estoppel fees, and the payoff of their mortgage.
Everything about who pays what can be negotiated in the contract. Not sure you're ready to buy? Start with a game plan. Selling? Get a real number with a home valuation, and see seller closing costs in Florida for more detail.
Want a real estimate for a real home?
Taniya Refai | Florida Homes Realty & Mortgage | Brokerage Lic. CQ1032918 | Office (904) 996-9115
Frequently asked questions
How much are closing costs in Florida?
It depends on the price, the loan and who pays what. Florida adds documentary stamp tax on the deed (70 cents per $100 of price, usually paid by the seller outside Miami-Dade) and on a new mortgage (35 cents per $100 borrowed), plus intangible tax of 0.2 percent of the new loan, both usually paid by the buyer. Title insurance, lender fees, prepaid insurance and taxes make up most of the rest.
Who pays title insurance in Florida?
It's negotiable and set in the contract. In much of Northeast Florida, including Duval County, it's customary for the seller to pay for the owner's title policy and choose the title company, but that can differ by county and by deal. Florida sets title insurance premiums by rule, so the premium itself is the same at every company.
What is a seller net sheet?
A seller net sheet estimates what you'll walk away with after closing: the sale price minus your mortgage payoff, documentary stamp tax, title charges, commissions, prorated taxes, association fees and any credits or repairs.