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Transaction cost

Review typical items in a closing estimate.

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Explore the buyer and seller cost guide, or estimate costs for your transaction.

Estimate Closing Costs
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01

Cash Transactions

Typical Charges to Seller

  • Doc. Stamps on Deed ($.70 per $100 of purchase price) (Dade County Residential $.60 per $100 of purchase price).
  • Abstracting Cost.
  • Tax proration/Association(s) proration to date of closing (if applicable).
  • Satisfaction of Liens, Special Assessments and Mortgages.
  • Rental prorations (if applicable).
  • Real Estate Commissions.
  • Recording fees to clear title (i.e. Sat. of Mortgage: $10 for first page + $8.50 for each additional page).
  • Municipal lien and tax search fees.
  • Settlement fee/ Document Preparation fee.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.

Typical Charges to Buyer

  • Recording fees for Deed, Association Approval, etc. ($10 for first page + $8.50 for each additional page).
  • Owners Title Insurance (at minimum promulgated rate).
  • Prepaid maintenance or recreation fees (if applicable).
  • Prepaid Homeowner’s/Flood Insurance (if applicable).
  • Association Approval fee.
  • Survey.
  • Settlement fee and Abstract Cost.
  • Rental prorations (if applicable).
  • Tax prorations/Association(s) proration from date of closing (if applicable).
  • Inspection fees/Document Preparation fee.
  • Municipal lien and tax search fees.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.
02

Conventional Mortgage

Typical Charges to Seller

  • Doc. Stamps on Deed ($.70 per $100 of purchase price) (Dade County Residential $.60 per $100 of purchase price).
  • Abstracting cost.
  • Real Estate Commissions.
  • Payoff existing mortgage(s) and recording fee(s) for satisfaction of Mortgage(s).
  • Tax proration/Association(s) proration to date of closing (if applicable).
  • Settlement fee/Document Preparation fee.
  • Municipal lien and tax search fees.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.

Typical Charges to Buyer

  • Recording fees for Deed, Association Approval, Mortgage ($10 for first page + $8.50 for each additional page of the document).
  • Owners Title Insurance (at minimum promulgated rate).
  • Loan origination and related lender charges.
  • Doc. Stamps on Note (at $.35 per $100 of loan amount).
  • Intangible Tax on Note ($.20 per $100 of loan amount).
  • Simultaneous issuance of Lenders Title Insurance.
  • Prepaid Homeowners/Flood Insurance (if applicable).
  • Survey.
  • Escrows (if required by lender).
  • Tax proration/Association(s) proration from date of closing (if applicable).
  • Inspection fees.
  • Prepaid interest.
  • Municipal lien and tax search fees.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.
03

Mortgage Assumptions

Typical Charges to Seller

  • Doc. Stamps on Deed ($.70 per $100 of purchase price) (Dade County Residential $.60 per $100 of purchase price).
  • Abstracting Cost.
  • Tax proration/Association(s) proration from date of closing (if applicable).
  • Real Estate Commissions.
  • Interest proration (If applicable).
  • Amount of assumed mortgage.
  • Transfer fee and costs as per contract. Please check with the lender as they may require approval of the buyer, increase in the interest rate and assumption and approval fees.
  • Settlement fee/Document Preparation fee.
  • Municipal lien and tax search fees.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.

Typical Charges to Buyer

  • Mortgage transfer fee
  • Existing Escrow balance.
  • Prepaid interest (if applicable).
  • Prepaid homeowners/flood insurance (if applicable).
  • Prepaid maintenance or recreation fees (if applicable).
  • Owners Title Insurance @ minimum promulgated rate.
  • Doc. Stamps of principle balance (at $.35 per $100 of loan amount).
  • Intangible Tax of Note ($.20 per $100 of loan amount).
  • Association Approval Fee.
  • Recording Fees for Deed, Condo Approval, etc. ($10 for first page + $8.50 for each additional page).
  • Settlement fee/Document Preparation fee.
  • Tax proration/Association(s) proration of date of closing (if applicable).
  • Municipal lien and tax search fees.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.
04

FHA / VA Mortgage to Transaction Costs

Typical Charges to Seller

  • Abstracting cost.
  • Real Estate Commissions.
  • Doc. Stamps on Deed ($.70 per $100 of purchase price) (Dade County Residential $.60 per $100 of purchase price).
  • Pay off existing mortgage(s). Recording fee(s) for satisfaction mortgage(s).
  • Tax proration/Association(s) proration to date of closing (if applicable).
  • Discount points (prevailing).
  • Non-allowable buyer costs per FHA/VA.
  • Settlement fee/Document Preparation fee.
  • Municipal lien and tax search fees.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval

Typical Charges to Buyer

  • Owners Title Insurance (at minimum promulgated rate).
  • Simultaneous issuance of Lenders Title Insurance.
  • Title endorsements ($25 each + Florida form @ 10% of Owners and Mortgagee Title Insurance premium).
  • Settlement fee.
  • Doc. Stamps on Note ($.35 per $100 of loan amount).
  • Intangible tax ($.20 per $100 of loan amount).
  • Recording fees for Mortgage and Deed.
  • Survey.
  • VA Funding Fee/Upfront Mortgage Insurance Premium.
  • Tax proration from date of closing (if applicable).
  • Inspection fees (if applicable).
  • Prorations of Maintenance fees and services contracts.
  • Escrows (if required by lender).
  • Association Approval Fee(s).
  • Municipal lien and tax search fees.
  • Loan origination and related lender charges.
  • Electronic Recording fees *most original documents never leave our office for recording.
  • File Scan/Storage/Retrieval.

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