Buyer closing costs (estimate)

Estimate, not a quote. What a buyer in Broward or Miami-Dade usually pays at closing on top of the down payment, using the Florida state tax and title rates.

Filled in from 900 Bay Drive #718+Dock Slip, Miami Beach. Change any number.

PriceDown payment %Interest rate %Insurance / yrCounty average unless you have a quoteProperty tax / yrEstimated at 1.9% of price; follows the price until you change itHOA / mo

Home type Paying cash (no loan) Buyer pays the owner's title policy

Lender origination / underwriting: $2,632
Appraisal: $650
Credit report and flood certificate: $75
Florida doc stamps on the mortgage note: $921
Florida intangible tax on the mortgage: $526
Lender's title policy (issued with the owner's policy): $175
Owner's title policy: $1,720
Title settlement / closing fee: $750
Lien and municipal searches: $250
Recording fees (deed and mortgage): $200
Home inspection (+ wind mitigation): $450
Association application / approval fee: $150
Homeowners insurance, first year: $2,801
Escrow reserve: 3 months of tax + insurance: $2,263
Prepaid interest (about 15 days): $676
Estimated closing costs: $14,239 (4.3% of price)
Down payment: $65,800
Estimated cash to close: $80,039

Estimate, not a quote. State items use Florida rates: doc stamps on the mortgage note ($0.35 per $100 of the loan), intangible tax (0.2% of the loan) and the promulgated owner's title rate. Lender fees, inspections, association fees, insurance and prepaid items vary; your lender's Loan Estimate and the title company's settlement statement are the real numbers. Who pays title and other items is set by your contract and local custom. Insurance default: Florida OIR county average with wind, data as of Mar 31 2026. Seller-paid items such as deed doc stamps are not included.

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