MiamiTitle Company & Closing Services
Miami-Dade uses a special deed documentary stamp rate of $0.60 per $100, and the buyer customarily pays owner's title insurance.
Quick Answer
The promulgated owner's title insurance premium at Miami's median price of $530,000 is $2,725. In Miami-Dade County, the buyercustomarily pays for the owner's title policy. Florida title insurance rates are set by the state, so the premium is the same at every title company.
Miami Closing Costs at a Glance
| Item | Amount | Paid By |
|---|---|---|
| Owner's Title Premium | $2,725 | Buyer |
| Deed Documentary Stamps | $3,180 | Seller |
| Deed Stamp Rate | $0.60 per $100 of sale price | Seller |
| Simultaneous Lender's Policy | $25 flat | Buyer |
| Note Doc Stamps (on loan) | $0.35 per $100 | Buyer |
| Intangible Tax (on loan) | 0.2% of loan amount | Buyer |
Amounts shown are based on Miami's approximate median home price of $530,000. Actual costs depend on your specific transaction. Calculate your exact closing costs.
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Miami-Dade County Closing Cost Note
Miami-Dade County uses Florida's reduced deed documentary stamp rate of $0.60 per $100 of the sale price. The buyercustomarily pays the owner's title insurance premium, though this can be negotiated. Florida law requires promulgated rates for title insurance, meaning the premium is identical at every licensed title company in the state.
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