Buyers
Closing Costs Calculator
Estimate every dollar you'll need at the closing table, doc stamps, title insurance, appraisal, prepaids, and more.
Transaction Details
Estimated Closing Costs
Based on Palm Beach County · Conventional loan
Total Cash to Close
$163,125
$100,000 down payment + $63,125 closing costs
Government Fees & Taxes
Title Insurance
Third-Party Fees
Prepaid Items
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Florida Closing Cost Facts
Seller pays doc stamps on deed
In Florida, it's customary for the seller to pay the doc stamps on the deed, but buyers pay doc stamps on the mortgage note.
Who pays owner's title insurance?
In South Florida (Palm Beach, Broward, Miami-Dade), the seller typically pays owner's title insurance. In other counties, the buyer often pays.
What are prepaids?
Prepaids include the first year of homeowner's insurance, 2-3 months of property taxes into escrow, and prepaid mortgage interest.
Understanding Florida Closing Costs
Florida buyers typically pay between 2% and 5% of the purchase price in closing costs, in addition to their down payment. Florida is unique in that it levies a documentary stamp tax on the deed (paid by the seller) and on the mortgage note (paid by the buyer), plus an intangible tax of 0.2% on the mortgage amount.
Title insurance in Florida is regulated by the state with promulgated rates. The owner's policy protects you against title defects; the lender's policy (simultaneous issue) is issued at a deeply discounted rate.
Estimates above are approximations. Your Loan Estimate (issued within 3 business days of application) will contain the legally binding cost breakdown for your specific transaction.
How the closing costs calculator works
This tool totals the cash you need at closing beyond the down payment. It adds Florida documentary stamp taxes on the mortgage note (0.35 per $100 borrowed) plus intangible tax (0.002 of the loan), title insurance, lender and recording fees, and prepaid items like homeowners insurance and property tax escrow. The sum is your estimated cash to close.
On a $450,000 purchase with a $360,000 loan, doc stamps on the note run about $1,260 and intangible tax about $720. Add roughly $2,300 for an owner title policy plus lender and prepaid items, and total closing costs commonly land near 2% to 5% of price, or about $9,000 to $22,500 here.
Closing costs matter because Florida has no state income tax but does charge these transfer and mortgage taxes, and insurance prepaids run high given hurricane and flood exposure. Buyers should budget for them as real cash, and sellers should know that in many local contracts the seller pays doc stamps on the deed itself.