Table of Contents

10 min read Nov 18, 2022

How Much Are Closing Costs in Florida?

Closing Costs in Florida

Did you know Florida has some of the highest closing costs in the country? So, how much are the closing costs in Florida?

If you want to buy or sell a property here, you need to account for closing costs in Florida. They can add up to a substantial amount depending on the type of property and its location. 

It is possible to manage these costs and save some money. We share all you need to know.

Key Takeaways

  • Closing costs in Florida comprise of charges like fees and taxes needed to complete a real estate transaction.
  • Closing costs aren’t included in the final purchase price of the property.
  • Both sellers and buyers pay closing costs in Florida.
  • The closing process is handled by title companies and attorneys.
  • Closing costs can differ based on the county, city, and property value.


What are Closing Costs?

Closing costs include fees, taxes, and charges you need to pay upon the sale of a home. The cost can vary from property to property depending on its location, size, and type.

Different counties in Florida may have different regulations to consider while calculating closing costs. 

For example, the sellers pay the title insurance costs and choose the title insurance company in Miami-Dade while buyers pay the title insurance and choose the company in Bradford.

There are no standard closing costs in Florida. Brokers, lawyers, inspectors, and housing associations will all charge different fees. 

The local authorities haven’t set any standard rates for things like inspection or appraisal. Some costs are applicable even if the home sale doesn’t go through.

Who Pays Closing Costs in Florida?

Both sellers and buyers need to pay the closing costs in FL; they have to pay different kinds of fees and taxes. For example, a seller may need to clear their HOA fees and any mortgage dues. The buyer will need to pay mortgage fees and inspection fees. 

There is room for negotiation in closing costs between the two parties. Some buyers may offer to pay for the closing costs if the buyer’s offer price is attractive.

It is still advisable to account for the closing costs while calculating your budget.

Who Pays Closings Costs in FSBO?

For Sale By Owner sellers do save a lot of money on agent fees, especially if they use the best flat-fee MLS companies in Florida. They still have to deal with other charges when they make a sale. Even in the case of FSBO, both sellers need to pay closing costs that can include

  1. Doc Stamps – Doc stamps or documentary stamps tax is imposed in Florida on certain documents executed, recorded, or delivered within the state of Florida.
  2. Property Transfer Fees – Property transfer fees is a one-time tax imposed by the state of Florida when a property is transferred from the seller to buyer.
  3. Title Insurance – Title insurance is a policy that covers any financial loss you may suffer if there are any mistakes in the title deed.
  4. HOA Fees – These are fees implemented by the Housing Association on residents to help maintain the neighborhood.

These and similar charges can add up. If you’re a For Sale By Owner, you will end up saving hundreds of dollars by listing on MLS directly.

» Flat Fee MLS: Everything you need to know about flat fee MLS services and how they can help you save money.

How Much are the Closing Costs in Florida?

On average, people pay anywhere between 2.05% and 2.74% of the property price (before taxes) as closing costs in Florida in 2022. The overall average is from 2% to 5%, though some closing costs exceed that amount.

The average Floridian pays around $8,213 in closing costs. Buyers usually pay anywhere between 3%-4% of the property value while sellers end up paying 5%-10%.

For example, the median home value in Florida is $408,988, the closing cost can range between $8,179 and $20,499.

How Much are Sellers Closing Costs in Florida?

Sellers end up paying more than buyers. The closing costs for them can be anywhere between 5% and 10%. This means, if the average home costs $400,000, buyers will pay $20,499 to $40,898.

Some of the common closing costs for seller include:

1. Broker Fees – Unless you are FSBO, you may need to pay up to 6% of the agreed sales price in broker fees. You can save money by using a flat fee MLS listing service like Houzeo.

2. Title Search and Insurance – In most counties, the seller needs to pay for title search and insurance fees. Sarasota, Collier, Miami-Dade, and Broward are exceptions to this rule. The costs can range between $175 and $400.

3. Doc Stamps – You’ll need to pay $0.70 for every $100 of property price in all counties. Miami-Dade is the exception to this, and you may need to pay $0.60 for single-family homes and pay a surtax of $0.45 on other properties.

These are the fixed charges most sellers need to pay. But there are other charges that depend on your property value, location, and other important factors.

These include mortgage balance, attorney fees, HOA fees, real estate tax, and condominium fees. Many of these costs can’t be folded into a mortgage or down payment and must be paid out of pocket.

» Seller Closing Costs Florida: Get a detailed overview of the seller closing costs in Florida.

How Much are Buyers Closing Costs in Florida?

The buyer doesn’t need to pay as much as the seller. The closing costs for buyers is 3% to 4% of the total home loan value and the expenses are even lower if you pay in cash.

The common closing costs for buyers include:

1. Appraisal Fee – Appraising the property can cost anywhere between $300 and $500.

2. Inspection Fee – You’ll need to pay around $400 to $800 in property inspection fees to ensure your prospective home is structurally sound. Getting a pest or termite inspection will save you a lot of trouble down the line. These inspections typically cost anywhere between $100-$150 in Florida, though the rates may vary from one company to another.

3. Title Search – Title search is the seller’s responsibility in most counties excluding Sarasota, Miami-Dade, Collier, and Broward. Buyers end up paying $5.75 per $1000 of property value for properties under $100,000. For properties over $100,000, the title search and insurance cost $5 per $1000.

These are the fixed closing costs Florida. However, you do need to pay other fees that vary depending on the property size, location, value, and county.

These include attorney fees, lender’s attorney fees, HOA fees, real estate tax, title endorsements, document preparation, environmental certification report, mortgage insurance, and homeowner’s insurance.

How to Calculate Closing Costs in Florida?

Does calculating closing costs seem like a big headache? At Houzeo, we have developed a closing cost calculator for Florida to help you get the right number quickly.

Our tool is very straightforward; you need to pick whether you want to know seller closing costs or buyer costs and click on launch. The tool will prompt you to fill in several fields like sale or purchase price, property location, mortgage balance, and more.

It will consider all of these parameters before providing an estimate.

» Closing Costs Calculator: Use this calculator to get the approximate closing costs.

Closing Costs in FL for Refinance

Many homeowners will refinance to get better terms and interest rates. Before understanding the related closing costs, let’s explore what refinancing is.

What is Refinancing?

Refinancing is the process of taking on a loan with attractive interest rates and terms to pay off your old loan. It can help you save hundreds of dollars.

How Much Are Closing Costs in Florida for Refinancing?

To refinance, you will need to pay the fees for closing your old loan, which can be about 3%-5% of your loan amount. You close the old account after applying for the new loan, which requires standard processing documents like inspection reports, property valuation, title documents, and more.

You can use this refinance closing cost calculator to get an estimate.

Junk Costs to Be Wary Of

Not all costs are unavoidable. There are some costs you can skip with some savvy negotiating skills. These vary from one county to another. Examples of junk costs include:

  1. Mortgage Rate Lock Fee – These is the fee you pay to the lender if you want to lock a specific interest rate for a fixed period in your mortgage timeline.
  2. Application Fee – Lenders charge an application fee when buyers apply for a mortgage.
  3. Loan Processing Fee – A lender may charge a loan processing fee to process your mortgage application.
  4. Underwriting Fee – Lenders will charge an underwriting fee to evaluate your loan application for approval.

Look at which junk costs apply to your region or property to help save some money.


The average closing costs in Florida can range between 2%-5%. Many of the costs included are mandatory and can’t be included in your mortgage. Closing costs are a burden every home buyer and seller must bear but there are ways to save money on these charges.

Hopefully, this answers the ‘How much are closing costs in Florida’ question! Stick around and explore our blog if you want to know more about real estate transactions.

If you have just started planning to sell a house and are considering FSBO, we encourage you to get in touch with us. Houzeo is the best and most advanced flat-fee MLS service that can help you get eyes on your listing without the need for an agent.

Frequently Asked Questions

1. How much are closing costs in FL?

The closing costs in Florida range between 2%-5% of the agreed property cost. Average residents of Florida pay approximately $8,213.

2. What are typical closing costs for seller in Florida?

The typical closing costs for sellers in Florida include - broker fees, title search, title insurance, municipal tax, recording fees, document preparation, doc stamps, HOA fees, attorney fees, pending mortgage balance, real estate tax, and condominium fees if applicable.

3. How much are closing costs in FL for buyer

Buyers end up paying 3%-4% of the property value as closing costs. The costs include appraisal fees, recording fees, inspection fees, permit searches, credit reports, title search and insurance, pest inspections, flood certification, HOA fees, lender attorney's fees, environmental certification reports, mortgage insurance, real estate tax, attorney fees, and homeowner's insurance.

Also Read

Eager to Know How Houzeo Works?

We’ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the best For Sale By Owner websites in the U.S.

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why it is one of the best FSBO sites in America.

Related – how much are sellers closing costs in Florida, how much are closing cost in Florida, how much are closing costs for seller in Florida, how much are buyers closing costs in Florida, how much are closing costs for a buyer in Florida, how much are closing costs in florida for a buyer, how much are the closing cost in Florida.

Buyer Closing Costs Closing Closing Cost for Florida Seller Closing Costs

Save $20

On Silver & up plans

Use Coupon Code:

Need help? Call us on
(844) 448-0110