Florida Buyer Estimate Calculator: Your Monthly Payment and Cash to Close

Cash to close is everything you need to bring to the closing table. It is your down payment, plus prepaids and escrow setup (prepaid interest, the first homeowners insurance premium, and a few months of taxes and insurance deposited into your escrow account), plus closing costs (lender fees, title and settlement fees, Florida documentary stamp tax on the note, intangible tax on the mortgage, recording, and survey). The seller's prorated property-tax credit is then subtracted, because Florida taxes are paid in arrears. The calculator totals all of it live.

A financed Florida buyer typically pays lender fees (origination, appraisal, credit report), the documentary stamp tax on the promissory note ($0.35 per $100 of the loan), the intangible tax on the mortgage (0.20% of the loan), the lender's title policy and endorsements, a settlement fee, recording fees for the deed and mortgage, and often a survey and WDO/termite inspection. In Miami-Dade, Broward, Sarasota, and Collier counties the buyer also customarily pays for the owner's title insurance policy. Buyer closing costs commonly run about 2% to 5% of the price, separate from the down payment.

The monthly payment is a full PITI figure: Principal and Interest (a standard amortization of your loan amount at the entered rate and term), plus monthly Property Taxes, plus Homeowners Insurance, plus mortgage insurance where it applies, plus any HOA or condo fee. On a conventional loan with less than 20% down the calculator adds private mortgage insurance (PMI); FHA loans carry monthly MIP; VA loans carry no monthly mortgage insurance. Adjust the PMI rate under the assumptions panel.

On a conventional loan, private mortgage insurance generally applies when your down payment is under 20% (loan-to-value above 80%), and it can usually be removed once you reach about 20% to 22% equity. FHA loans carry mortgage insurance for most of the loan's life. VA loans have no monthly mortgage insurance at all, though they have a one-time funding fee. Cash buyers have none of this; switch the loan type at the top of the tool to compare.

When a buyer finances a Florida home, two state taxes apply to the loan itself. The documentary stamp tax on the promissory note is $0.35 for every $100 of the loan amount. The intangible tax on the mortgage is 0.20% (two mills) of the loan amount. On a $400,000 loan that is roughly $1,400 in doc stamps plus $800 in intangible tax. Cash buyers pay neither, because there is no note or mortgage.

Prepaids are not really a "cost"; they fund your own escrow account. Expect to prepay the first year of homeowners insurance, a few months of property taxes and insurance as an escrow cushion, and per-diem interest from your closing date to the end of that month. The exact months depend on your closing date and lender. The calculator uses typical defaults you can adjust under the assumptions panel.

It is a strong planning estimate. The Florida taxes (doc stamp on the note, intangible tax) and title insurance use exact statutory and promulgated rates. Lender fees, appraisal, and escrow timing vary by lender and will be precise only on a Loan Estimate from a licensed lender. Treat this as your budgeting and shopping number, then confirm with a lender Loan Estimate and the closing agent's settlement statement before closing.

Yes. The same calculator has a Seller Net Sheet mode that shows your net proceeds after commission, Florida documentary stamp tax, title insurance, proration, and mortgage payoff. Use the toggle at the top, or visit the dedicated seller net sheet page.