Customary Closing Charges for Florida Transactions

Seller Expenses

  1. Real Estate Commission
  2. Real Estate Administration Fee (if applicable)
  3. Search, exam and closing fee **
  4. Record Satisfaction of Existing Mortgage
  5. Doc stamps on deed $.70 per $100 based on sales price
  6. Courier Fee (if applicable)
  7. Taxes prorated to date of closing
  8. Document preparation of seller's documents

Buyer Expenses

Loan Related Expenses

  1. Loan origination fee and points*
  2. Appraisal fee
  3. Credit report
  4. Tax service fee
  5. Underwriting fee
  6. Document preparation fee
  7. Flood certification fee
  8. Prepaid interest (from day of closing to end of current month)*
  9. First year PMI (if applicable – Over 80% Loan to Value)
  10. First year homeowner's and Windstorm or Flood insurance premiums (if required)
  11. Escrow account for lender to pay real estate taxes and hazard (homeowner's) insurance. (Taxes: 4-10 months of yearly gross amount. Insurance: 2-3 months) and PMI (mortgage insurance) (if applicable)

Closing Related Expenses

  1. Search, exam and closing fee **
  2. Simultaneous issue mortgagee (lender) title Insurance policy
  3. Owner's title insurance policy**
  4. Endorsements to lender's policy (as applicable)
  5. Warehouse/notary/courier fee
  6. Recording fees for deed and mortgage
  7. Doc stamps on mortgage $.35 per $100 based on mortgage amount
  8. Intangible tax on mortgage $.002 x mortgage amount
  9. Survey of subject property

NOTE: Regarding all types of transactions, charges shown are estimates only. Actual charges may vary depending on lender and contract requirements. Please refer to your contract verify costs with your lender

*Please check with your lender for these costs and any other charges lender may require. A lender is required to prepare a “Good Faith Estimate” for any costs incurred in connection with a new mortgage.

**Owner's Title Insurance Policy: Owner's Title Insurance, search, exam and closing fees are based on the county for which the property is located or contractual agreement between both parties. Title Insurance cost is mandated by the State of Florida. Check with your Realtor or Lender or call Equity Title & Escrow for details or for a Title Insurance Quote.