Duval County closing cost calculator

For a buyer financing a home in Florida, closing costs typically run 2% to 5% of the sale price. On a $400,000 home that's roughly $8,000 to $20,000. The biggest line items are lender fees, title insurance, the intangible tax on the mortgage (0.2%), doc stamps on the note ($0.35 per $100 borrowed), and your initial escrow deposit for taxes and insurance.

Both. In most Florida counties the seller customarily pays the doc stamps on the deed ($0.70 per $100 of sale price) and the owner's title insurance policy. The buyer pays everything related to the loan: origination, appraisal, doc stamps on the note, intangible tax, lender's title policy, and prepaid taxes/insurance. In Miami-Dade and a few other markets the split can be negotiated differently.

Most are not. Mortgage interest, property taxes, and discount points are deductible if you itemize. Origination fees, title insurance, recording fees, and most other closing costs are not. Talk to a CPA about your specific situation - this is not tax advice.

On a refinance, yes. On a purchase, you generally cannot - but you can ask the seller for a credit toward closing costs (capped at 3-9% of the price depending on loan type and down payment) or take a slightly higher rate in exchange for a lender credit.

Florida charges a one-time 0.2% intangible tax on every new mortgage - that's $2.00 for every $1,000 borrowed. On a $320,000 loan it's $640. The buyer pays it at closing. It's separate from the doc stamps on the note.