Royal Palms Realty · Property planning
Key West Closing Cost Calculator
Estimate buyer closing costs and remaining cash to close for a Key West or Monroe County purchase, including Florida mortgage taxes and your contract’s allocation of deed stamps.
Estimated remaining cash to close
$217,450Based on your assumptions- Down payment
- $200,000
- Closing fees and taxes
- $11,450
- Prepaids and escrow deposits
- $6,000
- Lender fees, points and appraisal
- $2,250
- Mortgage documentary stamps
- $2,800
- Mortgage intangible tax
- $1,600
- Buyer share of deed stamps
- $0
- Title, settlement and recording
- $3,800
- Inspections and other costs
- $1,000
- Seller / lender credits (deducted)
- $0
- Deposit already paid (deducted)
- $0
Planning estimates, not financing offers, settlement statements or guaranteed returns. Displayed dollar amounts are rounded.
Discuss a property with Scott →How this estimate works
For an ordinary purchase secured solely by the purchased Florida property: mortgage documentary stamps are $0.35 per $100 or fraction; intangible tax is 0.2% of the loan, capped at collateral value (purchase price used here).
Monroe County deed stamps are $0.70 per $100 or fraction of consideration (purchase price used here). Set the buyer’s share according to your contract; zero is an editable assumption, not a legal allocation.
Cash purchases remove mortgage taxes, lender fees, points and lender appraisal. Add any independent cash-buyer appraisal to other costs. Title, inspection and other fees are illustrative inputs, not quotes.
Remaining cash = down payment + fees and taxes + prepaids − approved credits − deposit. Costs already paid outside closing should be excluded or reconciled with the settlement agent. Negative results require review; they do not establish a right to cash back.
Frequently asked questions
Are closing costs the same as the down payment?
No. Closing fees and taxes are separate. Remaining cash to close combines the down payment, closing costs and prepaids, then subtracts approved credits and deposits already paid.
Who pays the deed documentary stamps?
Use the allocation in your purchase contract. This calculator lets you enter the buyer’s percentage; it does not decide the parties’ legal liability.
Is this a Loan Estimate or settlement quote?
No. Obtain an itemized lender Loan Estimate and title-company quote. Special transactions, exemptions, prorations and lender credit limits can change the result.
Put the numbers in context
Compare your assumptions with a specific home, its insurance quotes, association documents and financing terms. Explore Key West properties, browse ultra luxury Key West homes, or ask Scott about a property.
Tax references reviewed October 13, 2026: Florida Department of Revenue documentary stamp tax and nonrecurring intangible tax. Special exemptions and transactions are not modeled.
For an explanation of lender disclosures, see the Consumer Financial Protection Bureau’s Loan Estimate guide.