Palm Beach real estate.
Florida buyer and seller closing costs run on a different math than New York. No state income tax, no mansion tax, but the documentary stamp tax (0.70% of price on the deed plus 0.55% combined on any mortgage) is the dominant statutory line item. These calculators run on Florida statute and the promulgated title insurance rate tiers — the same math Florida closing attorneys use at the table.
Palm Beach closing cost calculators.
Palm Beach Buyer Closing Cost Calculator
Documentary stamp tax on mortgage, intangible tax, lender’s title insurance at the promulgated Florida rate, attorney and recording fees, and HOA estoppel for condominiums. Customizable by purchase price, down payment, and property type.
Palm Beach Seller Closing Cost Calculator
Documentary stamp tax on deed (0.70% in Palm Beach County), owner’s title insurance per local custom, broker commission, closing agent fees, and HOA transfer fees. Customizable by sale price and commission structure.
What makes Florida closing costs different.
The documentary stamp tax is the big one
Florida charges a documentary stamp tax (“doc stamp”) on every recorded deed transfer — 0.70% of the sale price statewide, with Miami-Dade County alone at 0.60%. In Palm Beach County, a $5M sale pays $35,000 in deed doc stamps alone. The seller pays this at closing on the deed transfer.
On the buyer side, doc stamps also apply to the mortgage: 0.35% of the mortgage amount, plus a 0.20% one-time intangible tax. On a $3M purchase with 30% down (a $2.1M mortgage), that’s about $11,550 in combined mortgage tax — the largest non-title buyer line item.
Title insurance is promulgated, not negotiable
Florida sets title insurance rates by statute, not by carrier. The promulgated rate schedule:
- $5.75 per $1,000 on the first $100K
- $5.00 per $1,000 on $100K–$1M
- $2.50 per $1,000 on $1M–$5M
- $2.25 per $1,000 on $5M–$10M
- $2.00 per $1,000 above $10M
Who pays the owner’s policy varies by county custom: in Palm Beach the seller customarily pays; in Miami-Dade the buyer pays. Both calculators apply the right convention based on county.
What Florida doesn’t have
No state income tax. No mansion tax. No mortgage recording tax (technically — the “doc stamp on mortgage” serves the same function but at a much lower rate). No flip tax. The net effect: Florida closing costs run materially lower than New York for comparable price points, particularly for sellers (no broker-trapping flip tax, no NYC RPTT layered on top).
Considering a Palm Beach transaction?
For trans-market clients with both Manhattan and Palm Beach exposure, the planning conversation usually starts with: how does the Florida closing math change the carrying-cost picture, and what does a referral to a Compass agent in Palm Beach look like? A 30-minute consultation gets you the framework.
The Roebling Team at Compass executes transactions directly in Manhattan. For Palm Beach buyers and sellers, we collaborate with Compass agents in Palm Beach 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 + Palm Beach 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.