Closing Cost Estimator
Estimate your total buyer closing costs with a line-by-line breakdown before you make an offer.
Optional Adjustments
Estimated Closing Costs
These are estimates only. Your lender is required to provide a Loan Estimate within 3 business days of your application with exact figures. Actual costs vary by lender, location, and negotiation.
What Are Closing Costs?
Closing costs are fees and expenses paid at the settlement of a real estate transaction, on top of the purchase price and down payment. For buyers, they typically run 2-5% of the loan amount and cover lender origination fees, third-party services (title, escrow, appraisal, inspection), prepaid items (insurance, property taxes, interest), and government recording fees.
Some costs are negotiable or lender-specific. Others — like title insurance, transfer taxes, and recording fees — are set by state law or local custom. Getting multiple lender quotes (Loan Estimates) is the most reliable way to compare actual closing costs before committing to a lender.
Florida-Specific Closing Costs
Florida buyers typically face these state-specific costs: documentary stamp taxes on the mortgage note (35 cents per $100 of loan amount), intangible tax on the mortgage (2 mills, or $2 per $1,000), and title insurance at rates set by the state. In most Florida counties, the buyer pays for the lender's title policy and the seller pays for the owner's title policy, though this is negotiable. Miami-Dade has its own documentary stamp tax structure for mortgages.