Closing costs in Florida
On a $500,000 home with 20% down, buyers in Florida typically pay about $9,617 to $20,267 at closing, including prepaid taxes and insurance.
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| Documentary stamp tax on the mortgage (0.35% of the loan) | $1,400 | |
| Intangible tax on the mortgage (0.2% of the loan) | $800 |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $7,310 – $15,240 | 2.4%–5.1% |
| $300,000 | FHA, 3.5% down | $7,857 – $16,275 | 2.6%–5.4% |
| $500,000 | Conventional, 20% down | $9,617 – $20,267 | 1.9%–4.1% |
| $500,000 | FHA, 3.5% down | $10,528 – $21,992 | 2.1%–4.4% |
| $750,000 | Conventional, 20% down | $12,500 – $26,550 | 1.7%–3.5% |
| $750,000 | FHA, 3.5% down | $13,866 – $29,138 | 1.8%–3.9% |
Who pays what in Florida
The documentary stamp tax on the deed (0.70% of the price; 0.60% in Miami-Dade, plus a surtax on some property types) is customarily paid by the seller under the standard Florida contract, but it’s negotiable.
Who pays for the owner’s title policy in Florida depends on the county and the contract.
Questions
How much are closing costs for buyers in Florida?
Often about 1.9% to 4.1% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Florida?
Buyers typically pay: Documentary stamp tax on the mortgage; Intangible tax on the mortgage.
More for Florida
Sources: Florida Department of Revenue (documentary stamp tax, F.S. 201.02, 201.08; nonrecurring intangible tax, F.S. 199.133). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.