Follow the dollars · Assumption only
A complete cash picture for Nov 29, 2026
Your down payment$288,866Cash toward the purchase price.
Closing costs + prepaids$12,560Not just lender fees.
Before credits & paid funds$301,426The complete starting cash picture.
Estimated remaining funds due at closing
$301,426No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$288,866.08
Your down payment$288,866.08
Closing costs + prepaids$12,559.94
Total buyer cash needed$301,426.02
Remaining funds due$301,426.02
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$5,500.00
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)$532.00
Prepaid interest, first (2 days)$52.94
Fees + prepaids$12,559.94
Your down payment is the seller’s equity. You take over the $261,134 balance, so the rest of the $550,000 price is paid at closing. A second mortgage can cover part of it. $301,426.02 is due at closing. Uses and sources reconcile at $562,559.94 each. Not a Closing Disclosure.