Calculator to Estimate Seller Closing Costs in Florida
Calculate Seller Closing Costs & Net Proceeds
Easily calculate the Florida home seller closing costs and seller “net” proceeds with this online worksheet. Enter the property sale (or list) price and then enter various seller closing costs and real estate commission.
If the desired net is too low, and the seller requires a higher net after expenses, simply adjust selling price. After entering the revised selling price, the closing costs will recalculate based on the revised sales price to achieve the desired net to seller.
* Documentary stamp tax on Deeds (Seller Expense) (this is not a recording fee). In all Florida counties except Miami-Dade, the tax rate imposed on Deeds (e.g., warranty, special warranty, quit claim, trustee’s deed, life estate deed, and even transfers of property between spouses) are subject to a tax of $0.70 cents on each $100.00 or portion thereof of the total consideration. But in Miami-Dade County the tax rate is $0.60 cents on each $100.00 or portion thereof. Miami-Dade County also has a surtax of $0.45 cents on each $100.00 or portion thereof, however single-family dwellings are exempt from the surtax. For example, a Broward County property that sells for $180,000 would = $1,260.00 in documentary stamp taxes (1,800 is the number of taxable units representing each $100.00 or portion thereof of the consideration of $180,000 multiplied by (x) $0.70 = $1,260.00). See, Fla. Stat. §201.02(1)(a), §201.031
Limitation of Liability for On-Line Calculator
This calculator and fees produced herein are for illustrative and informational purposes use only that are based on general circumstances and are provided as-is with all warranties, express and implied, being expressly disclaimed (including but not limited to the disclaimer of any implied warranties of merchantability and fitness for a particular purpose). Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. The estimate herein may contain errors, inaccuracies or other limitations based on real life situations and in no event will we be liable for indirect, special, incidental or consequential damages incurred. Please contact us directly for a personalized estimate.
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