The minimum cash you need for a $650,000 home in Miami-Dade

This is the tier with the fewest programs by price in the whole series.

A single-family house (a standalone home) in Miami-Dade, with both title policies issued at the same time. Taxes from the Florida Department of Revenue; title insurance per the OIR rule; recording per the county Clerk. Each one is explained in closing costs in Florida. If you add the upfront FHA premium to the loan, the two loan taxes go up a little.

Closing costs barely change between the two columns ($232.55 apart): title insurance depends on the price, not on the loan. What separates the two totals is the down payment. The deed tax is not added: the standard Florida purchase contract puts it on the seller (source). Confirm it in yours: if you pay it, the cash goes up to $33,572.05 at 3.5% and to $75,589.50 at 10%.

These are HUD's minimums (the federal housing agency) for the FHA loan, the government-backed one: 3.5% with a credit score of 580 or higher, 10% between 500 and 579 (Mortgagee Letter 2026-11). Meeting them is not an approval; the details are in FHA loan minimum requirements.

Once past Hialeah's cap ($636,806), that program drops out. For Pembroke Pines and Hollywood, the HPA sources give two caps ($636,806 and $679,324) and this price sits between them.

The Broward tax discount, Pembroke Pines (SHIP) and the two state loans still allow the home; their cap is above $650,000.

• With the cap far below, they leave it out: City of North Miami First-Time Homebuyer, with federal funds (HOME) (cap $370,000 or $415,000), City of Miami Gardens Purchase Assistance Program (cap $382,195), City of Miami First-Time Homebuyer Program (cap $451,000 or $494,000), Miami-Dade County Homebuyer Down Payment Assistance (cap $451,000, unconfirmed), Miami-Dade County Homebuyer Loan Program (cap $451,000, unconfirmed), City of North Miami First-Time Homebuyer, with state funds (SHIP) (cap $460,000), City of Homestead Down Payment Assistance (cap $494,000) and City of Miami District 5 Expanded First-Time Homebuyer Program (cap $500,000).

“Fits” only says the price does not exceed the program's maximum; not that it is open, that you have the income it asks for, or that money is left (each program's card in Assistance and the Down Payment Assistance Tracker cover that). No assistance is added to or subtracted from the totals. Caps read between October 12 and 19, 2026 at: City of Lauderhill · City of Tamarac · City of Hialeah · Broward County (HPA) · Housing Finance Authority of Broward County · City of Pembroke Pines · Florida Housing · City of North Miami · City of Miami Gardens · City of Miami · Miami-Dade County · Miami-Dade County · City of Homestead · City of Miami, District 5.

• Your lender's and the title company's charges: fees for opening the loan, the appraisal (when an expert says what the home is worth), the credit report, processing and title services. Each one sets its own and you will see them on the Loan Estimate, the cost sheet your lender hands you.
• Your homeowner's insurance and the deposits: the first year of insurance is prepaid, the lender sets money aside for taxes and insurance, and the home's taxes are split by days between seller and buyer.

If your loan is FHA there is one more line, outside the totals: the upfront FHA insurance premium, 1.75% of the loan, which is $10,976.88 at 3.5% and $10,237.50 at 10% (HUD, Handbook 4000.1). It is paid at closing or added to the loan; if it is added, it does not come out of your pocket that day.

• A $650,000 residential condo in Miami-Dade pays the same deed tax as the house, $0.60 per $100: Statute §201.031 treats a residential condominium unit as single-family and charges no $0.45 surtax. Calculable cash is the same as in the table above, plus the association certificate (legal cap of $299 to $597). With FHA, the building must be HUD-approved: here is how it is checked.
• The same house in Broward pays Florida's general deed tax rule, $0.70 per $100: $4,550, which under the standard contract is also paid by the seller. Calculable cash is the same as in the table above.