The core line items
Buyers typically pay lender fees (origination, underwriting, appraisal), title charges (search, title insurance, settlement fee), government recording fees and Florida transfer taxes, and prepaid items: first-year homeowners insurance, several months of property taxes, and prepaid interest that seeds your escrow account. A low single-digit percentage of the purchase price is a reasonable planning figure; your Loan Estimate has the real numbers.
Condo purchases add association charges
Application fees, transfer fees, estoppel certificates and sometimes move-in deposits come with condo closings. Deerfield's condo market makes these worth requesting early — ask the association for its full fee schedule during your inspection period.
Insurance timing matters
The first year of homeowners insurance is usually paid at or before closing, and flood coverage where required adds to it. Get quotes during the inspection period rather than the final week — it protects both your closing budget and your monthly escrow.
Negotiate, and verify your wires
Seller credits toward closing costs are a normal part of offers, and lender credits can lower upfront costs in exchange for a slightly higher rate. Before any funds move, confirm wiring instructions by phone using a number you found independently — closing-day wire fraud is real and preventable.
Let's talk it through
I'll walk you through realistic closing figures for the condo or home you're considering, so there are no surprises at the table.
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