How much are closing costs in Florida?

Each side pays its own costs. The seller usually pays for the owner's title policy in most of Florida: 63 of 67 counties. In Broward County, Collier County, Miami-Dade County and Sarasota County, the buyer usually pays for it. In Florida, the state sets title insurance rates. So the owner's policy costs the same at every title company. A title company or attorney usually runs the closing. The table shows a $370,000 sale at statewide rates. The contract can change who pays.

A Florida buyer pays about $8,147 in closing costs on a $370,000 home with 20% down. That covers lender fees, the lender's title policy and recording and taxes. Prepaid interest, insurance and escrow add about $4,184. The seller's property tax credit takes off $1,642. With the $74,000 down payment, cash to close is about $84,689. That is for a July 1 closing, the same as the calculator.

Florida buyer closing costs, line by line

A Florida seller pays about $5,634 before commission on a $370,000 sale. The costs are: documentary stamp tax on deed, owner's title insurance policy, settlement / closing fee, release / satisfaction recording, title search and examination. With a 5% commission, the total is about $24,134. The loan payoff and the property tax proration also come out of the proceeds.

Florida seller net sheet with a worked example

They go up with the price. On a $1,000,000 home, a buyer pays about $15,959. A seller pays about $13,194 before commission.

Yes. On the same $370,000 sale, buyer plus seller costs run from $13,410 to $13,780 across Florida's 67 counties. Local taxes and who pays for title make the difference. The 4 listed here differ from the statewide figures above. The other 63 match them.