Miami real estate.
Miami-Dade County runs on the same Florida statutory framework as Palm Beach but with two consequential local differences: the deed documentary stamp tax is 0.60% (versus 0.70% statewide), and the owner’s title insurance policy is customarily paid by the buyer (versus seller in Palm Beach). These calculators apply both adjustments automatically.
Miami closing cost calculators.
Miami Buyer Closing Cost Calculator
Documentary stamp tax on mortgage, intangible tax, owner’s title insurance at the Miami-Dade buyer-paid custom, lender’s title, attorney and recording fees. Condo HOA estoppel handled separately given Miami’s condo-heavy inventory.
Miami Seller Closing Cost Calculator
Documentary stamp tax on deed (0.60% in Miami-Dade), broker commission, closing agent fees, and HOA transfer fees. The owner’s title insurance is customarily buyer-paid in Miami-Dade, which makes Miami seller costs materially lower than Palm Beach equivalents.
Miami vs. the rest of Florida.
Deed documentary stamp tax: 0.60% in Miami-Dade
Miami-Dade County is the only Florida county with a reduced deed doc stamp rate — 0.60% versus 0.70% everywhere else in the state. On a $3M sale that’s a $3,000 savings for the seller (the deed stamp is statutorily a seller-paid line). On a $10M sale, the savings widens to $10,000.
Title insurance: buyer-paid in Miami-Dade
Florida promulgates title insurance rates statewide, but who pays varies by county custom. In Miami-Dade, the buyer customarily pays the owner’s policy; in Palm Beach and most other Florida counties, the seller pays. This is the second meaningful Miami difference: Miami sellers don’t carry the owner’s title insurance cost (which can run $20,000-$40,000 on $5M-$10M sales).
Heavy condo exposure
Roughly 70%+ of Miami luxury inventory is condominium — Brickell towers, South Beach oceanfront, Edgewater, Coconut Grove waterfront. That means HOA estoppel fees, association transfer fees, and the line items specific to condo closings dominate Miami transactions more than Palm Beach (where single-family estates are more common).
What Miami shares with the rest of Florida
- 0.35% mortgage doc stamp + 0.20% intangible tax on financing
- No state income tax (snowbird-friendly)
- No mansion tax, no flip tax, no mortgage recording tax
- Promulgated title insurance rates statewide
- Save Our Homes 3% assessment cap on homestead properties
Considering a Miami transaction?
For Manhattan clients also active in Miami — the Brickell condo tower, the Coconut Grove estate, the Edgewater investment — the planning conversation usually starts with: how do the Florida closing economics change the carrying-cost picture, and what does a referral to a Compass agent in Miami look like? A 30-minute consultation gets you the framework.
The Roebling Team at Compass executes transactions directly in Manhattan. For Miami buyers and sellers, we collaborate with Compass agents in Miami via referral — clients work with the best on-the-ground representation while keeping the analytical framework consistent across markets. This calculator is an informational research tool, not solicitation of representation.
For trans-market clients (Manhattan + Miami portfolios) or to discuss your specific transaction, schedule a consultation. Where appropriate, we’ll introduce you to a vetted Compass agent in the local market.