Follow the dollars · Assumption only
A complete cash picture for Nov 29, 2026
Your down payment$0Cash toward the purchase price.
Closing costs + prepaids$12,697Not just lender fees.
Before credits & paid funds$12,697The complete starting cash picture.
Estimated remaining funds due at closing
$12,697No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing−$22,017.05
Your down payment$0.00
Closing costs + prepaids$12,697.20
Total buyer cash needed$12,697.20
Remaining funds due$12,697.20
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$4,800.00
Title & settlement$1,825.00
Recording fee$100.00
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$1,250.00
Prepaid interest, first (2 days)$172.20
Fees + prepaids$12,697.20
Your down payment is the seller’s equity. You take over the $502,017 balance, so the rest of the $480,000 price is paid at closing. A second mortgage can cover part of it. $12,697.20 is due at closing. Not a Closing Disclosure.