Closing cost calculator
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Owner's Title Insurance: This varies based on sales price of the property. For
a conservative estimate, multiply the sales price by .0055.
Doc Stamps on Mortgage (or Note): This is a state tax that is calculated on the
loaned amount of your purchase. For example, take a $100,000 mortgage,
divide by 100, then multiply times .35 Learn more about Doc Stamps
Intangible Tax on Mortgage (or Note): This is another state tax which is paid at
closing. For example, take a $100,000 mortgage, divide by 100, then multiply
times .20 Learn more about Intangible Tax
There may also be additional fees, such as doc prep, recording, and title
search fees. Typically in Sarasota, the buyer chooses the closing agent
(except for a foreclosure purchase).
a conservative estimate, multiply the sales price by .0055.
Doc Stamps on Mortgage (or Note): This is a state tax that is calculated on the
loaned amount of your purchase. For example, take a $100,000 mortgage,
divide by 100, then multiply times .35 Learn more about Doc Stamps
Intangible Tax on Mortgage (or Note): This is another state tax which is paid at
closing. For example, take a $100,000 mortgage, divide by 100, then multiply
times .20 Learn more about Intangible Tax
There may also be additional fees, such as doc prep, recording, and title
search fees. Typically in Sarasota, the buyer chooses the closing agent
(except for a foreclosure purchase).
One of the frequent questions I get is about closing costs. Here I have outlined the major expenses at closing.
The costs are different if you are buying or selling property. Regardless of whether you live in Sarasota, Charlotte, or Manatee Counties, the calculations of the costs are
exactly the same, as these are statewide taxes.
Remember, all non-recurring fees are negotiable, including which party pays for which costs, and title agent or attorney fees. This information is provided as a guide; I
can recommend a qualified real estate attorney for your specific situation.
The costs are different if you are buying or selling property. Regardless of whether you live in Sarasota, Charlotte, or Manatee Counties, the calculations of the costs are
exactly the same, as these are statewide taxes.
Remember, all non-recurring fees are negotiable, including which party pays for which costs, and title agent or attorney fees. This information is provided as a guide; I
can recommend a qualified real estate attorney for your specific situation.
Home Warranty: $400-$600
Termite: $100-$200
Septic: $150-$300
Home Inspection: $250-$500
Condo/HOA Assoc: $50-$100
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Doc Stamps on Deed: This tax is calculated as the result of 70 cents on every
$100 of sales price. For example, on a $100,000 sale, divide the sales price
by 100, then multiply by .70. Learn more about FL closing costs
In the current buyer's market, as part of the negotiation, you may also decide to
agree to pay for some of the traditional buyer's closing costs. The information
for buyers would apply to you as a seller if those fees/costs were negotiated
as part of your purchase contract.
$100 of sales price. For example, on a $100,000 sale, divide the sales price
by 100, then multiply by .70. Learn more about FL closing costs
In the current buyer's market, as part of the negotiation, you may also decide to
agree to pay for some of the traditional buyer's closing costs. The information
for buyers would apply to you as a seller if those fees/costs were negotiated
as part of your purchase contract.