Closing Costs
Closing costs
What does it cost to close in Florida?
Closing costs fall into four groups: lender fees, third-party services, title and closing, and Florida’s government taxes. The taxes and title premiums are set by law, so they can be calculated exactly.
Florida estimator
Doc stamps, intangible tax and title premiums.
These are set by Florida law, so the estimate is close to what you’ll see.
What you’ll pay for
The four groups of closing costs.
Lender
Origination, underwriting and any discount points you choose to pay for a lower rate. One point is 1% of the loan.
Third party
Appraisal, credit report, flood determination, survey and inspections.
Title and closing
Title search, owner’s and lender’s title insurance, settlement and recording.
Florida taxes
Documentary stamps on the deed and the note, and intangible tax on the mortgage.
- Prepaid items: the first year of homeowners insurance, interest from closing to the end of the month, and an opening balance in your escrow account for taxes and insurance. These aren’t fees, but you bring them to closing.
- Your Loan Estimate: the lender must send it within three business days of your application. Compare lenders on it.
- Your Closing Disclosure: you receive it at least three business days before closing. Check it against the Loan Estimate and ask us about any change.
The rest of the transaction
Financing, title and insurance from one family of companies.
Your lender will ask for a title company and proof of homeowners insurance before closing. Our sister companies handle both, and they already talk to us.
Mortgage
Professional Mortgage & Financing Services. Purchase, refinance, investment and commercial financing.
Get pre-qualifiedTitle and closing
Professional Title and Closing Services. Title search, title insurance and the closing itself.
myclosingonline.comHomeowners and flood insurance
Professional Insurance Services, an independent agency since 2008. Home, condo and flood quotes your lender will need.
myinsurancesonline.comWant a full estimate for your purchase?
We’ll walk you through every line. Or call 305-933-1626 to talk it through.