Broward County Closing Costs

Below are typical closing costs and expenses for a Broward County Residential Property transaction, which includes transactions involving condominiums and single-family residences. Costs estimates are based upon homes valued between $50,000.00 to $750,000.00. Normally, some expenses, including appraisal, inspection, survey and certain other fees, may increase for homes valued more than $750,000.00.

Standard Broward County Residential Closing Fees and Costs

These items are typical costs and expenses involved in all residential real estate transactions in Broward County, including for condominiums and single-family residences.  The party responsible to pay for these items is determined by the Real Estate Contract.

  • Settlement Fee or Closing Fee - $550.00 - $850.00 
  • Delivery Charges - $65.00  - $85.00  
  • Owner's Title Insurance Policy - Promulgated Rate per Department of Insurance (includes title examination).  $5.50/$1,000.00 of title insurance 
  • Simultaneous Bank Title Insurance Policy - $25.00       
  • Endorsements to Title Insurance Policy - as required by the Bank or Mortgage Company - 10% of the title insurance premium or $25.00 (depends on the type of endorsement)   
  • Title Search - $175.00-$250.00 - The party who pays this item is governed by the Real Estate Contract -  Typically, in Broward County, the Seller pays this cost. However, the contract should be reviewed. 

See: Broward County Recording Fee & Documentary Tax Calculator

Buyer Closing Costs:

  • Survey - $275.00 - $450.00
  • Appraisal Costs - $300.00 - 450.00
  • Property Inspection Cost - $450.00 - $750.00 - includes electrical, roof, termite, air conditioning, pool & pest inspections - many inspection reports will not give an opinion on appliances (refrigerator, dishwasher, disposal and washer and dryer) other than to say they turn on or off and/or appear to be in working order.
  • Loan Costs - see the Lender/Mortgage Company's Loan Estimate (see below)
  • Government Costs related to Mortgage - Documentary Stamps and Intangible taxes on the Note and Mortgage (State doc stamps on the mortgage are $3.50 per $1,000.00 of the mortgage amount. Intangible tax on the mortgage is $2 per $1,000.00 of the mortgage amount.)
  • Insurance Premiums - homeowner's insurance, flood insurance and wind insurance
  • Overnight Package to Mortgage Company or Bank
  • Settlement Fee - see above
  • Mortgage Recording costs - $10.00 for the first page of the mortgage and $8.50 for each page thereafter

Seller Closing Costs:

  • Municipal Lien and Tax Search - $250.00 - $450.00 - Depends on the City and if the information is needed on a rush basis - This cost can be a buyer cost - However, most Broward County Real Estate Contracts have the Seller paying these costs - See Real Estate Contract
  • Real Estate Tax Proration - Based upon the prior years gross real estate taxes - unless otherwise stated in the Real Estate Contract - the proration deduction is calculated from January 1 of the year of the closing through the day of the closing or the day before the closing - see Real Estate Contract.
  • Real Estate Commission - 6% of the sales price or as otherwise negotiated between Seller and Real Estate Agent
  • Real Estate Agent - File Storage Fee -  $150.00 - $350.00 - See Real Estate Listing Agreement or Real Estate Contract
  • Documentary Stamps on Deed - calculated at $7.00/$1,000.00 on the sale price
  • Title Abstract - $175.00 - $250.00 - This cost can be a buyer cost - However, most Broward County Real Estate Contracts have the Seller paying these costs - See Real Estate Contract
  • Document Preparation - (Deed, Bill of Sale, Affidavit(s)) - $550.00
  • Estoppel Fee - (HOA or Condominium) - Fee to receive a letter from the Management Company stating if the amount of maintenance and if any is past due - $250.00 - $350.00
  • Mortgage Payoffs
  • Deed or other document recording costs - $10.00 for the first page of the Deed and $8.50 for each page thereafter.

Mortgage Expenses  and Prepaid Items

Mortgage Loan Expenses - Below are typical fees in a mortgage transaction - some items have different names and not all of these items are charged - Please see your Loan Estimate for the exact charge (Note: Your lender must provide you a Loan Estimate within three business days of receiving your application. At closing, be sure to compare your Closing Disclosure to your last Loan Estimate form.).  


  • Loan Origination Fee
  • Loan Discount
  • Appraisal Fee - Broker Appraisal Fee
  • Credit Report
  • Lender's Inspection Fee
  • Mortgage Insurance Application Fee
  • Administration Fee
  • Courier Service
  • Document Preparation Fee - Doc Prep - Document Transmission Fee - Document Fee
  • Inspection Fee
  • Final Inspection Fee
  • Flood Certification Fee - Flood Determination Fee
  • Funding and Review Fee
  • Mortgage Brokerage Fee - Broker Fee
  • Mortgage Insurance Application Fee
  • Premium Spread Paid By Lender
  • Processing Fee
  • Tax Service Fee
  • Underwriting Review Fee - Underwriting Fee
  • Wire Transfer Fee
  • Yield Premium Differential

Prepaid Items Required By Lender- Escrowed Items

  • Real Estate Taxes
  • Property Insurance Premiums
  • Mortgage Insurance Premiums

Prorated Items

  • Real Estate Taxes
  • Maintenance (Monthly or Quarterly)
  • Special Assessments (see the Real Estate Contract for who pays for the amount due after closing)
  • Home Warranty

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