Florida closing costs on a $400,000 home
Official source data 2026-10-01
On a $400,000 residential purchase in Florida
$9,450
estimated buyer closing costs
Miami-Dade single-family deeds use $0.60 per $100. Other Miami-Dade property adds $0.45 surtax. Mortgage stamps and intangible tax are separate.
Service fees and prepaids are editable planning allowances. They are not state averages or quotes. The down payment is shown separately.
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What’s in the closing budget?
| Component | Buyer | Seller | Basis |
|---|---|---|---|
| Loan origination allowance | $3,200 | $0 | Loan amount × entered percentage |
| Appraisal allowance | $650 | $0 | Entered amount; omitted for cash purchases |
| Title coverage allowance | $2,000 | $0 | Price × entered percentage; buyer pays |
| Settlement / attorney allowance | $900 | $0 | Entered amount |
| Recording allowance | $200 | $0 | Entered document fees; exclude transfer taxes already shown below |
| Transfer and deed taxes | $0 | $2,800 | Published law and selected local inputs |
| Prepaid taxes / insurance / escrow | $2,500 | $0 | Entered allowance, separate from service fees |
| Negotiated brokerage commission | $0 | $20,000 | Price × entered percentage; negotiable |
| Seller miscellaneous allowance | $0 | $500 | Entered allowance |
| Total closing costs | $9,450 | $23,300 | Sum of entered fees and modeled taxes |
| Cash item | Amount |
|---|---|
| Down payment | $80,000 |
| Loan amount | $320,000 |
| Buyer cash to close | $89,450 |
| Seller mortgage payoff | $0 |
| Estimated seller net proceeds | $376,700 |
The buyer and seller can negotiate many expenses. This calculation excludes lender credits, seller concessions, prorated rent, HOA charges, inspections, repairs, and any mortgage taxes not in the stated deed-tax scope.
Florida rules and assumptions.
Transfer-tax scope
Miami-Dade single-family deeds use $0.60 per $100. Other Miami-Dade property adds $0.45 surtax. Mortgage stamps and intangible tax are separate.
Settlement & title
Ask the settlement provider which services it is licensed to perform and which require an attorney. This editable allowance does not determine whether an attorney is required for your transaction.
Florida publishes a basic title-policy premium schedule. This calculator uses an editable allowance; obtain the applicable original/reissue/simultaneous-policy and endorsement quote from the provider. Settlement and search charges can be separate.
Recording fees
Miami-Dade's clerk schedule is a county example. Document pages, indexed names and instrument type affect recording fees. Exclude deed documentary tax already modeled; unmodeled mortgage/intangible taxes require separate review.
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Good questions. Clear answers.
How much are closing costs in Florida?
For the entered $400,000 price, this scenario produces $9,450 of buyer costs and $23,300 of seller costs. The fees are adjustable allowances; only the cited taxes follow the selected statutory scope.
Who pays the transfer tax?
The default allocation follows the state scenario shown above. The closing-cost tool lets you change the contractual deed-tax allocation; statutory buyer or seller surcharges retain their separate payer.
Is the down payment a closing cost?
It is not a service fee. This tool shows $80,000 as the down payment and $89,450 as total estimated buyer cash to close.
Are the title and attorney fees official state rates?
The defaults are planning allowances, not published title-policy quotes. Enter the applicable insurance or title-guaranty quote and the closing professional’s quote. Policy type, endorsements, loan size and reissue discounts can change the cost. Set the title payer to match your contract; use the additional buyer amount for coverage excluded from the percentage allowance.
How do I calculate seller net proceeds?
Subtract seller closing costs and the entered mortgage payoff from the sale price. Here that gives $376,700. Capital-gains tax, repair credits and other liens are excluded.
Check the source.
Data as of 2026-10-01. Retrieved .
- floridarevenue.com / doc_stamp.aspx
- www.consumerfinance.gov / closing-disclosure As of 2026-10-02
- www.consumerfinance.gov / loan-estimate As of 2026-10-02
- www.myfloridacfo.com / title-insurance-overview As of 2026-10-02
- www.miamidadeclerk.gov / official-records.page As of 2026-10-02