Closing Costs in Florida
While they vary from state to state, the amount you’ll pay in Florida depends on both the property and the county it sits in. As a buyer, you’ll have to cover most of the fees and taxes.
At the moment, you can expect to pay between 1.86% and 2.79% of the total purchase price before taxes.
The average closing costs in Florida come to approximately 1.98% of the purchase price. It may seem insignificant, but the amount you have to pay can quickly climb if you’re buying an expensive home.
Across the state, the average home sells for somewhere between $200,000 and $300,000. If you buy a property in that range, expect to pay between $1,620 and $2,430 in closing costs before taxes. That amount accounts for appraisal, settlement and recording fees, along with title insurance and flood certification — which is required by the state.
In Florida, you’ll also have to post a fee for documentary stamps (or doc stamps), which is a percentage of the sales price. Then there are the taxes. You’ll likely be subject to property and transfer taxes — when you add those in, you’re looking at around $5,585 in closing costs after taxes. Remember, these are averages.