Estimated Closing Costs
The Florida Department of Insurance establishes rates for the title insurance that all title companies must charge. In addition to the rates below, buyers, sellers, or borrowers may pay a search fee, closing fee, and examination fee. (See projected closing costs below the rates chart.) Call us for a competitive quote!
✿ Buyer's Projected Closing Costs - Cash Transactions
· One Year Homeowners Insurance (Buyers should obtain)
· One Year Flood Insurance (if applicable)
· Recording Fees - Deed $10.00-$18.50
· Inspection Costs (as per contract)
Pest/Termite Inspection - $100.00 approx. if desired or required per contract
Roof Inspection - $100.00 approx. if desired or required per contract
· Prepaid Maintenance / Association Dues
· Survey (optional) - $300+
· Flood Elevation Certificate (optional) - $150+
· Title Fees
Title Closing Fee - $410
Bank Wire/Check Handling Fee - Included in closing fee
Document Imaging - Included in closing fee
Courier Fees - Included in closing fee
· Taxes prorated to date of closing
· Homeowners Association/Condo Fees prorated to closing
✿ Buyer's Projected Closing Costs – with a mortgage/loan
· Possible Mortgage Costs
Loan Origination Point
Loan Discount Point
Appraisal Fee
Credit Report
Lender's Inspection Fee
Tax Related Fee
Wire Transfer Fee
· Escrow Fees for taxes and insurance (required by the lender to be paid in advance)
· Private Mortgage Insurance (PMI) or (MIP)
· One Year Homeowners Insurance
· One Year Flood Insurance (if applicable)
· Pest/Termite Inspection - $100.00 approx. if desired or required per contract
· Roof Inspection - $100.00 approx. if desired or required per contract
· Prepaid Maintenance / Association Dues
· Survey - $300+
· Flood Elevation Certificate (if required) - $150+
· Government Fees
Recording Fees (Deed $10.00-$18.50, Mortgage $200.00 ESTIMATED)
Intangible Tax on Mortgage ($0.20/100 of the mortgage amount)
Doc Stamp on Mortgage - ($0.35/100 of the mortgage amount)
· Title Fees
Title Closing Fee - $410
Loan Closing Fee - $300
Bank Wire/Check Handling Fee - Included in closing fee
Document Imaging - Included in closing fee
Courier Fees - Included in closing fee
Lender's Title Insurance Policy - $25 (if simultaneously issued with the Owners Title Insurance Policy)
Endorsements as required - Typically about $100+
· Taxes prorated to date of closing
· Homeowners Association/Condo Fees prorated to closing
✿ Seller's Projected Closing Costs
· Real Estate Commission
· Government Fees
Doc Stamps on Deed - ($0.70 per $100.00 based on purchase price)
Recording Fee (if applicable for payoff releases, NOT, etc.)
· Taxes prorated to date of closing
· Homeowners Association/Condo Fees prorated to closing
· Title Fees
Title Closing Fee - $300
Bank Wire/Check Handling Fee - Included in closing fee
Document Imaging - Included in closing fee
Courier Fees - Included in closing fee
Title Search Fee - $85.00
Municipal Lien Search - $90 - $185
Owner Title Insurance - Card Rate at purchase price $5.75 per $1000.00
· Association Estoppel Search - ($50 - $400 EST. charge from the association)
· Payoff existing loan(s)
✿ Promulgated Title Insurance Rates
Sales Price Title Insurance
$ 45,000.00 $ 258.75
$ 50,000.00 $ 287.50
$ 55,000.00 $ 316.25
$ 60,000.00 $ 345.00
$ 65,000.00 $ 373.75
$ 70,000.00 $ 402.50
$ 75,000.00 $ 431.25
$ 80,000.00 $ 460.00
$ 85,000.00 $ 488.75
$ 90,000.00 $ 517.50
$ 95,000.00 $ 546.25
$ 100,000.00 $ 575.00
$ 105,000.00 $ 600.00
$ 110,000.00 $ 625.00
$ 115,000.00 $ 650.00
$ 120,000.00 $ 675.00
$ 125,000.00 $ 700.00
$ 130,000.00 $ 725.00
$ 135,000.00 $ 750.00
$ 140,000.00 $ 775.00
$ 145,000.00 $ 800.00
$ 150,000.00 $ 825.00
$ 155,000.00 $ 850.00
$ 160,000.00 $ 875.00
$ 165,000.00 $ 900.00
$ 170,000.00 $ 925.00
$ 175,000.00 $ 950.00
$ 180,000.00 $ 975.00
$ 185,000.00 $ 1,000.00
$ 190,000.00 $ 1,025.00
$ 195,000.00 $ 1,050.00
$ 200,000.00 $ 1,075.00
$ 205,000.00 $ 1,100.00
$ 210,000.00 $ 1,125.00
$ 215,000.00 $ 1,150.00
$ 220,000.00 $ 1,175.00
$ 225,000.00 $ 1,200.00
$ 230,000.00 $ 1,225.00
$ 235,000.00 $ 1,250.00
$ 240,000.00 $ 1,275.00
$ 245,000.00 $ 1,300.00
$ 250,000.00 $ 1,325.00
$ 255,000.00 $ 1,350.00
$ 260,000.00 $ 1,375.00
$ 265,000.00 $ 1,400.00
$ 270,000.00 $ 1,425.00
Sales Price Title Insurance
$ 275,000.00 $ 1,450.00
$ 280,000.00 $ 1,475.00
$ 285,000.00 $ 1,500.00
$ 290,000.00 $ 1,525.00
$ 295,000.00 $ 1,550.00
$ 300,000.00 $ 1,575.00
$ 305,000.00 $ 1,600.00
$ 310,000.00 $ 1,625.00
$ 315,000.00 $ 1,650.00
$ 320,000.00 $ 1,675.00
$ 325,000.00 $ 1,700.00
$ 330,000.00 $ 1,725.00
$ 335,000.00 $ 1,750.00
$ 340,000.00 $ 1,775.00
$ 345,000.00 $ 1,800.00
$ 350,000.00 $ 1,825.00
$ 355,000.00 $ 1,850.00
$ 360,000.00 $ 1,875.00
$ 365,000.00 $ 1,900.00
$ 370,000.00 $ 1,925.00
$ 375,000.00 $ 1,950.00
$ 380,000.00 $ 1,975.00
$ 385,000.00 $ 2,000.00
$ 390,000.00 $ 2,025.00
$ 395,000.00 $ 2,050.00
$ 400,000.00 $ 2,075.00
$ 405,000.00 $ 2,100.00
$ 410,000.00 $ 2,125.00
$ 415,000.00 $ 2,150.00
$ 420,000.00 $ 2,175.00
$ 425,000.00 $ 2,200.00
$ 430,000.00 $ 2,225.00
$ 435,000.00 $ 2,250.00
$ 440,000.00 $ 2,275.00
$ 445,000.00 $ 2,300.00
$ 450,000.00 $ 2,325.00
$ 455,000.00 $ 2,350.00
$ 460,000.00 $ 2,375.00
$ 465,000.00 $ 2,400.00
$ 470,000.00 $ 2,425.00
$ 475,000.00 $ 2,450.00
$ 480,000.00 $ 2,475.00
$ 485,000.00 $ 2,500.00
$ 490,000.00 $ 2,525.00
$ 495,000.00 $ 2,550.00
$ 500,000.00 $ 2,575.00
I/We understand that the above closing costs and figures, including amount of existing mortgages, are ESTIMATED ONLY and that the final cost and all pro-rations will be calculated by the closing agent, subject to the individual lending policies and fee schedules of the selected lenders. The above are estimated figures only and are not warranted. We understand that should we have questions or concerns about the financial implications of this information, we should seek the advice of a qualified CPA or tax attorney.