Closing Costs & Cash to Close

Commonly about 2% to 5% of the price, on top of the down payment. They include lender fees, title insurance and settlement fees, government taxes and recording fees, plus "prepaids": the first year of homeowners insurance and a few months of taxes and insurance held in escrow.

Florida charges documentary stamp tax on the mortgage note (0.35% of the loan) and intangible tax (0.2% of the loan), usually paid by the buyer at closing. That's about $1,925 on a $350,000 loan. Tick the box in the calculator to include them.

Often, yes. Sellers and builders frequently offer credits toward closing costs, and many loan programs allow it up to a limit. Enter any seller or builder credit to see the effect.

A deposit you make when your offer is accepted to show you are serious. It is held by the title company or escrow agent and credited toward your cash to close.