How to Use a Florida Closing Costs Calculator

Estimating your closing costs in a Florida real estate transaction requires understanding several key components. While our site does not have an interactive calculator, this guide will help you get a precise estimate using available resources.

Calculating Title Insurance Premiums

Title insurance premiums in Florida are state-regulated (promulgated), which means the cost is the same no matter which title company you use. The premium is based on the property's sale price. You can find the exact premium by using the official calculator from the Florida Land Title Association (FRTA).

Florida Rate Calculator (via FRTA)

Identifying Other Closing Costs

In addition to title insurance, your closing costs will include several other fees:

• Settlement Fee: This is the fee the title company charges for managing the closing. It is not regulated and varies by company.
• Lender's Fees: If you are financing the purchase, your lender will have charges such as origination fees, appraisal fees, and credit report fees.
• Recording Fees: The county charges these fees to record the new deed and mortgage.
• Documentary Stamp Taxes: This is a state tax on the transfer of real property.
• Survey Fee: To confirm the property's boundaries.

Get a Comprehensive Quote

For the most accurate estimate of your closing costs, it is always best to request a detailed quote from a title company. A good quote will break down all the expected charges for your transaction.

For a personalized and detailed quote, please contact our office.