Title Insurance Calculator: I’m Buying

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    Insured Amount $
     
Florida Title Insurance Rates      
$0 to $100,000: $5.75 per $1000 (min $100) $
$100,000 to $1 million: $5.00 per $1000 $
$1 million to $5 million: $2.50 per $1000 $
$5 million to $10 million: $2.25 per $1000 $
$10 million: $2.00 per $1000 $
Simultaneous Policy          
Both an Owner's Policy (OP) and Loan Policy (LP) are to be issued.   $
    Insurance Rate      $
 
Florida Title Insurance Endorsements        
ALTA 4.1 Condo ($25) (OP/LP)
$
ALTA 5.1 PUD ($25) (OP/LP)
$
ALTA 6.0 Negotiable Rate Mortgage ($25) (LP)
$
ALTA 6.1 Variable Rate Mortgage ($25) (LP)
$
ALTA 6.2 Neg. Amoritzation Mortgage ($25) (LP)
$
ALTA 7.0 Manufactured Housing ($25) (OP/LP)
$
ALTA 8.1 Environmental Protection Liens ($25) (LP)
$
Florida Form 9 (10% of Insurance Rate) (LP)
$
Florida Form 9.1 (10% of Insurance Rate) (vacant land) (OP)
$
Florida Form 9.2 (10% of Insurance Rate) (improved land) (OP)
$
Navigational Servitude (10% of Insurance rate) (water front) (OP/LP)
$
Survey (survey not required for condo) (OP/LP)
$
 
Additional Expenses        
Settlement fee $
Land Survey + Elevation Certificate (estimated outside vendor) $
Recording Fee deed (estimated from county)** $
Recording Fee Mortgage (estimated from county)** $
 
    Estimated Total $
* 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 tax is $0.70 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 or portion thereof. Miami-Dade County also has a surtax of $0.45 cents on each $100 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 (1800 is the number of taxable units representing each $100 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

** Recording Fee (Buyer Expense) $10.00 for the First (1st) Page plus $8.50 for each additional page. See, Fla. Stat. §28.24(12)(a,b,d,e), §24.222(3)(a). Additional $4.50 for electronic submission fee.

*** Intangible tax on promissory note (Buyer Expense) of $0.002 per one dollar $1.00 of notes secured by a mortgage. For example on $180,000.00 the intangible tax = $360.00. See, Fla. Stat. §199.133.

**** Documentary stamp tax on Mortgages (Buyer Expense), are taxed based on the full amount of the indebtedness regardless of whether it is contingent or absolute, at the rate of tax is $0.35 cents per $100 or portion thereof. There is no cap on the amount of tax due. See, Fla. Stat. §201.08(1)(b)

***** Documentary stamp tax on Promissory notes (Buyer Expense) are taxed at the rate of $0.35 cents per $100 or portion thereof; which is capped at $2,450. See, Fla. Stat. §201.08(1)(a)

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The fees produced herein are for informational purposes only 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). The quote herein may contain errors, inaccuracies or other limitations based on real life situations and in no event will FTIC be liable for indirect, special, incidental or consequential damages incurred. Please check directly with FTIC for a personalized quote.