Free tool
Florida Closing Cost Calculator for Sellers
A Florida seller's closing costs usually include the agent commission, the deed's documentary stamp tax of 70 cents per $100 of the price (outside Miami-Dade), title and settlement fees, and a property tax proration. Enter your numbers below to estimate what you would walk away with.
Kris Persaud · Watson Realty Corp. · 1390 N Hancock Rd, Clermont, FL 34711
Calculator
Estimate Your Net Proceeds
Start with the payoff figure from your lender, not the balance on your monthly statement; payoffs include interest up to the closing date. The commission box is blank on purpose: use the rate in your own listing agreement.
The costs
What Florida Sellers Usually Pay
| Cost | How it is figured | Where the number comes from |
|---|---|---|
| Mortgage payoff | Loan balance plus interest to the closing date | Your lender's payoff statement |
| Agent commission | A percentage of the price, set in your listing agreement | Your listing agreement |
| Deed documentary stamp tax | 70 cents per $100 of the price, or portion of $100 (all counties except Miami-Dade) | Chapter 201, Florida Statutes |
| Title and settlement fees | Owner's title policy (who pays varies by county and contract), settlement and recording fees | The title company's estimate |
| Property tax proration | Florida taxes are paid in arrears, so the seller usually credits the buyer for the months they owned the home that year | The title company, from the county tax bill |
| HOA items | Estoppel letter fees and any dues owed | The HOA or its management company |
| Repairs or credits | Whatever you agree to after the buyer's inspection | Your contract |
General guide only. Your title company prepares the actual settlement statement.
Owe more than it's worth?
When the Numbers Come Out Negative
If the estimate shows you would owe more than the sale brings in, you have options to ask about, including a short sale, where the lender agrees to accept less than the loan balance. Kris's Zillow reviews include many short sales from 2010 to 2013, one that took five years with the lender. See how short sales work.
Next step
Get a Real Number
A calculator is only as good as the price you put in. Kris can review what your home could sell for based on recent nearby sales. Start with a home value review, or see how selling with Kris works.
Questions
Seller closing cost questions
How much are closing costs for a seller in Florida?
It depends mostly on the commission in your listing agreement. On top of that, Florida charges deed documentary stamp tax of 70 cents per $100 of the price outside Miami-Dade, plus title, settlement and tax proration costs.
How much is the deed stamp tax on a $450,000 sale?
About $3,150: 4,500 units of $100 at 70 cents each (outside Miami-Dade).
Who pays for the owner's title insurance in Central Florida?
It varies by county and by what the contract says. Ask your title company and your agent before you sign.
Is this calculator a settlement statement?
No. It is an estimate. Your title company prepares the real settlement statement before closing.
Keep reading
Related pages
Want Kris to look at your numbers?
Call or text Kris directly on his cell, or send a message and he will get back to you.
Kris Persaud · Watson Realty Corp. · 1390 N Hancock Rd, Clermont, FL 34711