Florida closing cost calculator

Itemized buyer-side closing costs for any Florida home - doc stamps, intangible tax, title insurance, lender fees, and escrow.

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Florida has a few quirks that make closing costs higher than the national average: a 0.2% intangible tax on every new mortgage, doc stamps on the note ($0.35 per $100 borrowed), and a state-promulgated title insurance rate that scales with sale price. We itemize all of them so there are no surprises at the table.

This calculator estimates buyer-side costs only. In most Florida counties the seller pays the doc stamps on the deed and the owner's title insurance policy - Miami-Dade is the common exception.

Worked examples

Real numbers for common scenarios. These are estimates - your final closing disclosure will reflect the exact fees your specific loan and property require.

Scenario

Buying a $325,000 home in Tampa, Hillsborough County

Inputs

Sale price: $325,000
Down payment: 20% ($65,000)
Loan amount: $260,000

Estimate

Doc stamps on the note: $910
Intangible tax (0.2%): $520
Recording fees: $95
Owner's title insurance: $1,869
Lender fees (origination, underwriting, appraisal): $1,850
Initial escrow deposit: $1,625
Estimated buyer closing costs: $6,869

Excludes prepaid interest and your down payment. Seller pays doc stamps on the deed in most Florida counties.

Scenario

Buying a $450,000 home in Orlando, Orange County

Inputs

Sale price: $450,000
Down payment: 10% ($45,000)
Loan amount: $405,000

Estimate

Doc stamps on the note: $1,417
Intangible tax (0.2%): $810
Recording fees: $95
Owner's title insurance: $2,588
Lender fees (origination, underwriting, appraisal): $1,850
Initial escrow deposit: $2,250
Estimated buyer closing costs: $9,010

Excludes prepaid interest and your down payment. Seller pays doc stamps on the deed in most Florida counties.

Scenario

Buying a $625,000 home in Naples, Collier County

Inputs

Sale price: $625,000
Down payment: 20% ($125,000)
Loan amount: $500,000

Estimate

Doc stamps on the note: $1,750
Intangible tax (0.2%): $1,000
Recording fees: $95
Owner's title insurance: $3,594
Lender fees (origination, underwriting, appraisal): $1,850
Initial escrow deposit: $3,125
Estimated buyer closing costs: $11,414

Excludes prepaid interest and your down payment. Seller pays doc stamps on the deed in most Florida counties.

Run your own numbers

The calculator gives you the same itemized breakdown for any price, down payment, loan type, and location.

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Frequently asked questions

How much are closing costs in Florida?+

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.

Who pays closing costs in Florida - buyer or seller?+

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.

Are closing costs tax deductible?+

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.

Can I roll closing costs into my mortgage in Florida?+

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.

What is the intangible tax in Florida?+

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.

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Duval County closing cost calculator

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St. Johns County closing cost calculator

Buyer-side closing costs for St. Augustine, Ponte Vedra, and Nocatee homes.

Miami-Dade closing cost calculator

Closing costs for Miami, Coral Gables, Doral, Aventura, and Homestead.

Cash to close calculator

Every dollar you'll wire on closing day - down payment, closing costs, prepaids, minus credits.

All numbers shown are estimates for planning purposes. Closing costs, taxes, and fees vary by lender, title company, county, and individual transaction. LoanElk is not a lender, broker, or financial advisor. Your final Loan Estimate and Closing Disclosure are the authoritative figures.