Florida Closing Cost Estimate
Every number in this calculator comes from either a State Rate set by Florida law (meaning every title company in the state charges the exact same amount) or an Adjustable field you can change to match your actual costs.
The formulas below show exactly how each line item is calculated, with a worked example for a $400,000 sale in Palm Beach County at 6% total commission.
Commission percentages are negotiated between the seller and their listing agent. The listing agent typically splits the total commission with the buyer's agent.
A Florida transfer tax paid by the seller on every real property conveyance. The rate is set by the Florida Department of Revenue. The sale price is rounded up to the nearest $100 before applying the rate.
| County | Rate |
|---|---|
| All counties except Miami-Dade | $0.70 / $100 |
| Miami-Dade (single-family) | $0.60 / $100 |
Florida title insurance premiums are "promulgated," meaning every title company and attorney in the state must charge the exact same rate. These tiers are set by the Florida Office of Insurance Regulation (OIR). No one can charge more or less.
| Coverage Amount | Rate per $1,000 |
|---|---|
| $0 to $100,000 | $5.75 |
| $100,001 to $1,000,000 | $5.00 |
| $1,000,001 to $5,000,000 | $2.50 |
| $5,000,001 to $10,000,000 | $2.25 |
| Over $10,000,000 | $2.00 |
These fees vary by title company. The defaults in this calculator represent typical South Florida costs, but you can adjust them to match your actual fee schedule.
| Item | Default |
|---|---|
| Title Search (examination of public records for the property) | $200.00 |
| Municipal Lien Search (checking city/county for open permits, liens, code violations) | $175.00 |
| Settlement / Closing Fee (the title company's fee for conducting the closing) | $495.00 |
| Wire Transfer Fee (disbursement of seller proceeds) | $35.00 |
When the seller has a mortgage being paid off at closing, the lender files a Satisfaction of Mortgage with the county. The recording fee is set by Florida Statute 28.24 and is the same in all 67 counties.
Florida property taxes run on a calendar year and are paid in arrears (you pay in November for the current year). At closing, the seller owes their share from January 1 through the day before closing. This amount is credited to the buyer.
An estoppel letter from the HOA or management company confirms the seller's account is current and discloses any outstanding dues, special assessments, or violations.
| Item | Default |
|---|---|
| Estoppel Letter Fee | $250.00 |
| Prorated HOA Dues (seller's share through closing) | Manual entry |
Seller Concessions: Any amount the seller agreed to contribute toward the buyer's closing costs, negotiated in the purchase contract.
Other Liens, Judgments, or Assessments: Any outstanding liens (IRS, state, municipal), judgments, or special assessments that must be paid at closing to deliver clear title.
This calculator provides a good-faith estimate of seller closing costs for Florida residential transactions. The state-regulated items (documentary stamps, title insurance premiums, recording fees) are exact. The adjustable items use typical South Florida defaults that you can change to match your actual costs.
What this does not include: Per-diem mortgage interest, home warranty costs (if seller-paid), survey fees (typically buyer-side in FL), courier/overnight fees ($25-$75), or costs specific to short sales, foreclosures, or REO transactions.
This is an estimate, not a final settlement statement. The closing agent or attorney prepares the official Closing Disclosure (CD) with exact figures before closing.
This is an estimate only, not a commitment or guarantee of actual closing costs. Title insurance rates: Florida OIR Rule 69O-186.003. Documentary stamps: F.S. 201.02. Recording fees: F.S. 28.24. Consult your closing agent or attorney for a final settlement statement.