Closing Cost Calculator for Florida Buyers
Plan your purchase with an itemized list of closing costs and an estimate of the cash you'll still owe on closing day.
What This Calculator Does
This calculator estimates what closing on a Florida home will cost you as the buyer. It prices the mortgage taxes and title insurance, services from the lender and settlement agent, and inspections. Association charges and prepaids come in as you enter them. It then adds your down payment, or the full price on a cash deal, and takes off deposits, costs already paid, credits and prorations. What's left is your estimated balance due. Any prepaid or association amount you don't know yet is clearly flagged and kept out of the total until you add it.
Who Is This For
It's built for residential buyers and agents putting together a purchase budget for Miami-Dade, Broward, Palm Beach or any other Florida county. Cash purchases work. So does a purchase with a single mortgage, as long as the closing costs are paid out of your own pocket. Selling instead? A separate calculator handles seller closing costs and sale proceeds.
How It Works
Begin with the price, the county and the type of financing. Pick the title-cost option that the signed FR/BAR contract specifies, and decide whether you need an inspection and a survey. Swap in written quotes for the planning allowances as they arrive. Fill in prepaids, association charges and any other costs you pay as the buyer. Next come deposits, costs already paid, approved credits and any prorations. Use 0 only when you've confirmed no amount applies. Finally, review the estimate with the lender and the closing agent.
Frequently Asked Questions
Which numbers are official rates, and which are estimates?
The mortgage taxes follow Florida's published rates. Your owner's title premium starts from the state's original-issue rates. For the lender's title policy and its endorsements, the calculator relies on assumptions it states openly, and the real cost may come in higher. Service charges are planning allowances you can edit, not official market averages, so replace them with quotes. Each rule is explained in the linked official sources, along with the date it was last verified.
Who pays for title insurance: is it set by the county?
Your signed contract controls. Under FR/BAR 9(c)(i), the seller bears the cost of both the owner's policy and the title searches. Under FR/BAR 9(c)(ii), the buyer bears both. The option for Miami-Dade/Broward, 9(c)(iii), has the buyer paying the owner's premium and the seller paying the specified searches, within the contract's limits. Each party pays for its own closing services. Any search excess the buyer pays, or a post-closing continuation fee, goes under Other buyer costs.
Why are some amounts in my estimate flagged as missing?
When a prepaid or association field is left blank, the amount is unknown, not zero. Ask your lender or closing agent for the prepaid interest, insurance and escrow amounts. Charges and assessments you'll owe the HOA or the condo association come from the association itself. In South Florida, flood and windstorm coverage can be part of your insurance needs. Type 0 only after you've confirmed none applies. Tax and dues prorations go separately, under Adjustments.
How do I record my deposit, costs already paid and credits so nothing counts twice?
The purchase deposit has a field of its own. Inspection, appraisal and similar costs stay in the breakdown once paid, and you take them off only under Included costs already paid. Credits approved for you by the seller or the lender are entered a single time, kept apart from prorations. No credit can exceed the eligible costs, and loan-program rules add limits of their own. Whether a credit qualifies isn't something the calculator decides. A negative balance means an estimated refund of your funds, subject to confirmation.
Can I apply a reissue discount or use a different title quote?
Have your closing agent look at any prior owner's policy and confirm your eligibility and the price. Enter the owner's policy premium exactly as quoted, in full and with any approved discount, even when the seller is paying it. That premium also feeds the Form 9 estimate. Your lender's coverage and its endorsements get their own quote and their own fields. The calculator never infers a discount, and it doesn't assume all lenders want the same endorsements.
Which costs do I need to add on my own or work out elsewhere?
Anything missing from the list goes under Other buyer costs: buyer's agent or attorney fees, an extra inspection, deed tax that the contract assigns to you, and miscellaneous items. Loan-program charges aren't calculated automatically, so add them from your lender's quote. The tool leaves out financed closing costs, second mortgages and construction loans, refinances, and a seller's net proceeds. On a cash purchase, rely on the closing agent's settlement statement. With financing, reconcile it with your Loan Estimate and the final Closing Disclosure.