If you are planning to buy a house in Florida, you’ve no doubt heard about ‘closing costs’ a number of times. Closing costs are basically all the expenses and fees associated with the home loan process. In Florida, some specific items to expect on your closing costs include origination fees, processing fees, appraisal fees, survey fees, mortgage tax and closing attorney fees.
Florida Closing Cost Calculator
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All information and results provided by this Closing Cost Calculator are estimates only. They will in no way accurately reflect actual closing costs. This calculator is to be used only to establish and estimate of closing costs. There are many unique factors that will affect the actual cost.
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Closing costs in Florida amount to an average of between 2.5% and 3% of the total loan amount. But that varies from one lender to another and also from one city to another. With an average loan amount of about $300,000, your Florida closing costs can be about $7,800.
Florida Mortgage Rates for 6.10.23
30 Yr. Fixed6.625%APR 7.146%
15 Yr. Fixed6.000%APR 6.524%
30 Yr. Fixed FHA5.875%APR 6.852%
30 Yr. Fixed Jumbo7.625%APR 7.790%
Rates as of June, 10 2023 See All Rates | See Rate Assumptions
Instant rate & closing cost quotes. No SSN required. 100% transparent process & “real” rates mean you save money and spend less out of pocket. No hard sales – guaranteed!
Conventional Rates shown assume a purchase transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than or equal to 95%; a minimum FICO score of 760, lock days at 30.
Term
Loan Amount
LTV
Points
30yr Fixed
$351,000
95.0%
1
15yr Fixed
$351,000
95.0%
1
30yr Jumbo
$650,000
75.0%
1
30yr FHA
$275,000
96.5%
1
30 Yr VA
$300,000
100.0%
1
Rates may be higher for loan amounts under $351,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply. Ask for details.
Moreira Team | MortgageRight is an Equal Opportunity Lender
“Rate Over X%” Assumptions
Rates shown assume a refinance transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value of 75%; a minimum FICO score of 740; a Loan Term of 360 months; and a loan amount of $300,000 for conforming loans.
Rates may be higher for loan amounts under $275,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply.
Moreira Team | MortgageRight is an Equal Opportunity Lender
Also, note that the total amount that you will pay largely depends on where your house is located. For instance, the average closing costs in Miami add up to $9,422 for a $200,000 mortgage. The same value of mortgage attracts closing costs of $9,388 in Orlando and $9,409 in Tampa. The difference is mainly caused by varying costs of origination points and survey.
For a comprehensive analysis of Florida closing costs for each county, get your custom rate and closing cost quote or give us a call to speak directly with a licensed mortgage advisor. Alternatively, we can help you get a no-closing-cost loan. In that case, you won’t have to pay any upfront fees, and that means avoiding closing costs altogether.
Give us a call today, and we will help you save some money on your next mortgage!
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