Down Payment
Down payment5% of purchase price
$22,500
Lender Fees
Loan origination (1%)Lender processing fee
$4,275
Appraisal & credit reportTypically $500–$700
$600
Title & Closing
Owner's title insuranceBuyer pays — Sarasota custom
$2,325
Lender's title policyRequired by the lender
$250
Title search & closing feeTitle company & settlement agent
$750
Recording & doc stamps on mortgageFL intangible tax + recording
$1,710
Prepaid & Escrow
Homeowner's insurance (12 mo)Prepaid annual premium
$3,600
Property tax escrow (3 mo)Initial escrow cushion
$1,631
Prepaid interest~15 days of interest
$1,205
Seller creditApplied against closing costs
-$0
Estimated Cash to Close
$38,846
Down payment + closing costs — before any seller credits
Good news: many of these costs are negotiable, and seller concessions can cover a significant portion of closing costs. I'll walk you through every option.
Estimates for planning purposes only. Actual closing costs depend on your lender, loan program, property location, and closing date. Title insurance uses Florida promulgated rates; who pays owner's title varies by county custom but is negotiable. Property taxes and insurance are estimates and will vary. Not financial advice. John Belt, REALTOR® — Keller Williams On The Water.
