Dec 242014

Buyer title closing costs work sheet

Buyer closing costs

Below are the typical buyer closing costs for a residential home buyer (excluding lender closing costs and pro-rations). Use the form as a worksheet to calculate your buyer closing costs by adding and totaling your estimates in the Estimate $ column. Use the linked calculators and the provided pro-rata formula to obtain estimates.

CostEstimate $How calculated Explanation
Settlement/Closing fee – paid to title company$As quoted. Usually $100To conduct the closing
Title search fee – paid to title company$As quoted. Usually $100To conduct a search for title defects / hidden claims against title.
Examination fee – paid to title company $As quoted. Usually $75To conduct a search for title defects / hidden claims against title.
Lender Title insurance – paid to title company$ CalculatorLender protection against title defects / hidden claims against title.
Deed recording fee – paid to the county court$Court set fee. $30 max.To make public record of purchase
Taxes proration – Credited to seller $Pro-rata share of year tax bill.See formula below *Tax credit to seller for pro-rata year ownership of property.
Attorney fees – paid to attorney$As quoted or hourly rateFor any legal service provided
Courier and copy fees – Paid to title company$As charged. Approx. $50Cost of moving docs to and from parties involved in the closing
Well water test – paid to inspector$As quoted if applicable. Usually $350Cost of making sure that the well is working and water is viable
Septic tank test paid to inspector$As quoted if applicable. Usually $350To make sure that septic tanks is operable and its useful remaining life
Home inspection paid to inspector$As quoted.
Usually $350
To check the integrity of the home structure and all fixtures, systems, and appliances.
Homeowners insurance – paid to insurance co.$As quoted Homeowner protection against natural hazards, fire and theft and additional for personal liability
Flood insurance – paid to insurance co. $As quoted if applicableHomeowner protection against flood damage
Other –$
Total title closing costs$


* How to calculate the pro-rata share of year tax bill

  • Go to the county property appraiser website and get the property taxes for the property.
  • Calculate how many days, excluding the sale date, were seller owned property days for the year.
  • Divide the calculated seller owned property days by 365
  • Multiply by 100 to arrive at a %
  • Apply the % to the tax bill to obtain the Pro-rata share of year tax bill.

Hopefully this information is helpful to buyers who want to know what their buyer title closing costs will be.

For information on the remaining buyer closing costs, please visit:

Buyer prepayments and escrows closing costs worksheet

Buyer loan closing costs work sheet

Download a hard copy of the complete buyer closing costs work sheet.

Disclaimer: Please note that all of the above is public information, that I am not providing tax advice, and that you should consult a licensed and certified tax professional before making any decisions about Florida property taxes.

Our services are always FREE to Buyers, and we contribute $500 towards closing costs if you buy through us, as well as $250 toward our Switch to Green, Switch it Forward Fund, to help fight poverty and climate change.

Let us show you how we can be Your Green Team to help you to Live in a High Performance Green Home, that will Save You Money and help you to Pay Your Mortgage Off Years Earlier, while at the same time, live in a home that is Healthier, More Comfortable, Safer and Kinder To The Earth.

Thank you for visiting. Please leave a comment below and then check out the rest of our BLOG. We look forward to making Green Home living your reality.

Marius J Smook – Licensed Real Estate Eco-Broker, LEED AP for HOMES, Home Energy Rater.


 December 24, 2014

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