Hillsborough County, FL Closing Cost Calculator
Estimated closing costs for a home purchase in Hillsborough County including FL-specific transfer taxes.
Estimated closing costs for a $380,000 home with 20% down
Low estimate
$7,017
High estimate
$13,098
Cost Breakdown (Mid Estimate)
| Origination Fee | $2,280 |
| Title Insurance | $1,216 |
| Appraisal | $600 |
| FL Transfer Taxes & Fees | $2,860 |
| Prepaid Items (escrow) | $1,900 |
| Other Fees | $500 |
| Total (Mid) | $9,356 |
Estimates only. Actual costs vary by lender and transaction.
Local Home Values & Affordability
Hillsborough County's median home value of $380,000 runs about 23% above the US median of $310,000, reflecting strong local demand.
A 20% down payment on a median Hillsborough County home requires $76,000 in cash — or $13,300 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Hillsborough County's $380,000 median sits between Duval County ($300,000) and Miami-Dade County ($560,000) within the Florida counties we track.
Property Tax in This Market
Based on the 1.00% effective rate and a median home value of $380,000, a typical homeowner in Hillsborough County pays approximately $3,800 in annual property taxes — or $317 per month added to their mortgage payment.
Hillsborough County's property tax rate of 1.00% is close to the national average of 1.10%. On a median-priced home of $380,000, expect an annual tax bill of approximately $3,800.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Hillsborough County averages around $4,500/year ($375/month) — roughly 181% above the national average of $1,600.
Premium quotes in Hillsborough County typically range from $2,800 to $7,500 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Hillsborough County home ($380,000) with FHA's minimum 3.5% down would borrow $366,700 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $304,000 stays $528,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
Sources: HUD ML 2025-23, FHFA 2026
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