How to Use This Calculator
Most closing cost estimates you’ll find online are rough percentages, “expect 2 to 5% of the purchase price,” which is true as far as it goes, but doesn’t tell you much when you’re staring at an actual number on a settlement statement. This calculator works differently: it runs the exact statutory formulas Florida uses for its two mandatory closing taxes and its state-regulated title insurance rate, the same math a title company or closing attorney would use, so the numbers you see here are what those specific line items will actually cost, not an estimate of them.
To use it, enter the purchase price you’re working with, then choose your county. Miami-Dade has its own, slightly lower documentary stamp rate on the deed for single-family homes, every other Florida county uses the standard rate. If you’re financing the purchase, leave “Yes, financing” selected and enter your loan amount, this brings two additional costs into the calculation that a cash purchase doesn’t have: a documentary stamp tax on the mortgage note itself, and Florida’s intangible tax on the loan amount. If you’re paying cash, switch to “No, cash purchase” and those two lines drop out entirely, since there’s no note or mortgage being recorded.
The total you’ll see covers documentary stamp taxes, the intangible tax, both title insurance premiums, and standard recording fees, everything Florida law or regulation fixes to an exact number. It intentionally leaves out lender origination fees, appraisal costs, homeowners insurance, and prepaid escrow items, since those vary by lender and loan program rather than by state law, typically adding another $2,000 to $4,000 on top of what’s shown here. Your actual loan estimate from a lender will have the complete picture; this tool is meant to nail down the part of that estimate that’s fixed regardless of which lender you use.
Florida Closing Cost Calculator
Calculates the taxes and title insurance premium set by Florida law, precise, not estimated.
This total covers only what Florida law fixes exactly: doc stamp taxes, intangible tax, title insurance, and standard recording fees. It does not include lender origination fees, appraisal, homeowners insurance, or prepaid escrow items, those vary by lender and typically add another $2,000 to $4,000, get an actual loan estimate for those. By custom, sellers usually pay the deed doc stamp tax and often the owner’s title policy (this varies by county and is negotiable); buyers usually pay the note doc stamp tax, intangible tax, lender’s title policy, and recording fees. See what’s actually in Florida closing costs for the full breakdown of who typically pays what. For purchases over $1,000,000, additional discounted title insurance tiers apply, consult a title company for an exact quote above that threshold.
One more thing worth knowing: who actually pays each of these costs, buyer or seller, is a matter of local custom, not law, and it's negotiable in any contract. In most of Florida, sellers customarily cover the deed's documentary stamp tax and often the owner's title policy, while buyers cover the note's stamp tax, the intangible tax, the lender's title policy, and recording fees, but this flips in some counties. For the full picture of who typically pays what and why, see what's actually in Florida closing costs.