Buyer Closing Cost Estimator

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Estimate how much a buyer needs at closing beyond the down payment. Enter the purchase details below and the breakdown updates automatically. In most Florida counties (including Pasco), the seller pays for the owner's title insurance policy.

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Important Notes

• This is an estimate only. Actual costs may vary.
• Settlement/closing fee is $700 when a mortgage is involved, $395 for cash purchases.
• In most Florida counties (including Pasco), the seller pays for the owner's title insurance. The owner's premium is shown for reference but is not included in the buyer's total.
• The buyer pays for the lender's title insurance policy.
• If the buyer also purchases an owner's policy simultaneously, the lender's policy is only $25 (simultaneous issue rate).
• Documentary stamps on the promissory note: $0.35 per $100 of loan amount (FL Statute 201.08).
• Intangible tax on new mortgages: $0.002 x loan amount, or $2.00 per $1,000 (FL Statute 199.133).
• Recording fees are estimated based on a 2-page deed ($18.50) and a 20-page mortgage ($171.50) when a loan is involved. Actual fees depend on document page count ($10 first page, $8.50 each additional per FL Statute 28.24).
• Title search fee and municipal lien search are seller charges and are not included in this buyer estimate.
• Survey fees are typically required for house purchases but not condos. Actual cost depends on lot size and complexity.
• Seller credits reduce the buyer's cash needed at closing but do not reduce closing costs. Lenders may cap seller contributions (typically 3-6% of sale price depending on loan type).
• Prorations not included: This estimate does not include prorations for ad valorem (property) taxes, fire rescue assessments, stormwater fees, or other items that may be paid in advance or in arrears. These are adjusted at closing based on the closing date.
• This estimate does not include prepaids (homeowner's insurance, property tax escrow, prepaid interest) or lender fees (origination, appraisal, credit report). Your lender's Loan Estimate will include those.

Mortgage Insurance by Loan Type

Conventional (less than 20% down)

Private Mortgage Insurance (PMI) is required but is a monthly cost, not a closing cost. PMI is not included in this estimate. Typical PMI ranges from 0.5% to 1.5% of the loan amount annually, depending on credit score and LTV.

FHA

Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount is due at closing (or can be financed into the loan). Annual MIP of 0.55% for most borrowers is added to the monthly payment.

VA

No mortgage insurance. VA Funding Fee ranges from 1.25% to 3.30% of the loan amount depending on down payment and whether this is a first or subsequent VA loan use. Veterans with 10%+ service-connected disability, Purple Heart recipients, and surviving spouses receiving DIC are exempt.

Related Tools

• Title Premium Calculator -- Look up the exact premium for any property value
• Seller Net Sheet -- Estimate what the seller walks away with
• County Recording Fees -- Recording fee reference for Pasco and surrounding counties