Closing costs will vary depending on whether you are the buyer or seller. In Florida the seller pays for the title insurance, doc stamps on the deed and the commissions to the sellers and buyers’ agent. There could also be transaction fees to pay to the title company and brokerage. On a home sale of $500,000 the sellers’ costs are likely to be around $32,000. For buyers, most of the costs are loan costs, so if the buyer is paying cash, closing costs will be minimal, mostly prorations for tax and HOA and will probably not come to more than around $1,000. For buyers obtaining a mortgage the costs may be around 3 – 4 % of the purchase price. Your lender will be able to give you a much better idea of the closing costs because they will change depending on the type of loan.