Miami Buyer Closing Cost Calculator
Florida statute, promulgated title insurance rates, and Miami-Dade local custom (buyer pays owner’s title policy) built into the math. Adjust purchase price, down payment, and property type to see the full line-item breakdown.
Your purchase
On a $2.50M 70%-financed purchase in Miami-Dade County, buyer closing costs run approximately $33,488 (1.34% of purchase price). The dominant line items are the mortgage doc stamp + intangible tax (0.55% combined) and lender / title fees.
Statutory taxes
$9,6250.35% of mortgage amount, paid by buyer at closing.
Source: FL §201.08
0.20% one-time tax on the principal amount of the mortgage.
Source: FL §199.133
Title insurance
$10,563Estimated at the simultaneous-issue rate when purchased alongside an owner's policy.
Source: Promulgated FL rate (simultaneous-issue estimate)
Promulgated Florida rate. In Miami-Dade, the owner's policy is customarily paid by the buyer.
Source: FL Admin Code 69O-186.003
Service + lender fees
$13,300Range: $1,500-$3,500 for HNW transactions. Attorney is not legally required in Florida but recommended for purchases above $1M.
Source: Market typical (PB / Miami HNW transactions)
Includes deed recording (~$10/page) and mortgage recording fees if financed.
Source: FL §28.24 + county schedule
Buyer credits / reimburses seller for the portion of the calendar year past the closing date. Calculation requires the closing date and current millage rate.
Source: Varies by closing date
Estoppel certificate fees range $200-$500 per Florida statute §718.116(8). Trophy buildings may charge higher transfer fees.
Source: Market typical (PB / Miami condos)
Estimated at 0.5% of loan amount. Varies by lender — range 0% to 1.5% on HNW jumbo loans.
Source: Market typical
Single-property appraisal. Complex / luxury properties may run $800-$1,500.
Source: Market typical
Source: Market typical
Closing math is the floor — your transaction is the structure.
The numbers above are the statutory floor. Trust structures, LLC entity formation, and condo board approval at the top buildings (Faena, Edition, One Thousand) can shift the picture meaningfully. For trans-market clients (Manhattan + Miami), a 30-minute consultation gets you the structuring 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.