Closing Costs – Conventional Mortgage

Seller’s Expenses:

  • Doc Stamps on Deed (70¢ per $100 of the sale price) ** [Closing Cost Calculator©]

  • Pay Off Existing Mortgage Loans

  • Title Services
    (including title search and closing/settlement services and title insurance. Could be Buyer or Seller’s expense, depending upon contract provisions)

  • Owner’s Title Insurance Premium [Closing Cost Calculator©]

  • Real Property Tax Proration

  • Recording Fees – Satisfaction of Mortgage, Curative Documents

  • Prorate Condo/HOA Charges

  • Real Estate Brokerage Commission

  • Condo / HOA Estoppel Fee

  • Lien Search Fee

Buyer’s Expenses:

  • Condo/HOA Approval Fee

  • Recording Fees (Deed, Condo/HOA Approval, Mortgage)

  • Prorate Condo/HOA Charges

  • Homeowners Insurance

  • Flood Insurance (if applicable)

  • Inspection Costs

  • Survey

  • Real Property Tax Proration

  • Permit Search Fee

  • Title Services
    (including loan closing services and Lender’s title insurance. Could be Buyer or Seller’s expense, depending upon contract provisions.)

  • Simultaneous Issue Mortgage Title Insurance

  • Title Endorsements (including Florida Form 9)

  • Loan Discounts or Points

  • Doc Stamps on Mortgage (35¢ per $100) [Closing Cost Calculator©]

  • Intangible Tax on Mortgage (.002 x mortgage amount) [Closing Cost Calculator©]

  • Escrow (taxes, insurance, condo/HOA fees, mortgage insurance)

  • Lender’s Attorneys’ Fees

  • Document Preparation

  • Appraisal Costs

  • Tax Service Fee

  • Termite Report

  • Credit Report

  • Environmental Report

  • Flood Certification Fee

* Examples only.  Applicable contract will govern.  In 22 Florida counties title premium is generally a buyer’s expense and in the remaining 44 counties, title insurance is generally a seller’s expense.  For example, in Miami-Dade, Broward and Martin counties the title premium is generally a buyer’s expense, whereas in Palm Beach and a majority of other counties, it is generally a seller’s expense. For more information Contact Us.

** See Closing Cost Calculator© for documentary stamps on deed in Miami-Dade County.

NOTE: We are CPFB/TRID compliant and ready to close mortgage loans in accordance with the new regulations!