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Every line on a Florida closing statement, translated

Closing statements read like they were designed to end conversations. Here is each major line, what it actually is, and who customarily pays it in South Florida.

Last reviewed: July 2026

The taxes (the state's cut)

  • Documentary stamps on the deed — $0.70 per $100 of price statewide; Miami-Dade runs $0.60 for single-family, $1.05 with surtax for everything else. Customarily seller-paid.
  • Documentary stamps on the note — $0.35 per $100 financed. Follows the loan: buyer pays.
  • Nonrecurring intangible tax — 0.2% of the mortgage amount. Buyer pays, once.

The title work

  • Owner's title premium — promulgated by state rule ($5.75/k first $100k, $5.00/k to $1M, less above). County custom decides the payer; the contract can override.
  • Lender's policy at simultaneous issue — $25 plus any excess-coverage charge. Buyer.
  • Title search / closing or settlement fee — the service charges; allocation varies by contract and custom.
  • Reissue credit — a premium reduction when a qualifying prior policy exists. Ask; it's real money.

The diligence and the county

  • Municipal lien search — city-level violations, permits, utilities. Modest cost, five-figure savings potential. Typically buyer-side on purchases; smart sellers order their own at listing.
  • HOA/condo estoppel — statutorily capped association certificate; allocation per contract.
  • Recording fees — $10 first page, $8.50 each additional; deed (buyer) and mortgage (buyer), payoffs/satisfactions (seller).
  • Prorations — property taxes (paid in arrears in Florida) and association dues split to the closing date. Not a fee; an allocation.

Rules of thumb that survive contact with reality

Financed South Florida buyers commonly land in the 2–4% of purchase price range all-in (heavily driven by loan costs and prepaids); cash buyers run dramatically lighter. Sellers' cost center is commission plus deed stamps plus payoff. And every one of those sentences loses to the actual numbers — which is why the calculators on this site compute your specifics instead of quoting ranges.

Questions

Frequently asked

Which closing costs are negotiable?

Allocations are negotiable (who pays what — including title selection); state taxes and promulgated premiums are not (the amounts are fixed by law). Service fees vary by provider. Negotiate allocations in the contract, not at the table.

Why is my cash-to-close different from my closing costs?

Cash-to-close adds your down payment and prepaid escrows and subtracts deposits and credits. Closing costs are one ingredient. The settlement statement reconciles all of it — and we walk yours with you before signing day.

Ready to close with confidence?

Order title, upload your contract, or talk to our attorney-supervised closing team today.

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