Follow the dollars · Assumption only
A complete cash picture for Dec 1, 2026
Your down payment$55,500Cash toward the purchase price.
Closing costs + prepaids$14,952Not just lender fees.
Before credits & paid funds$70,452The complete starting cash picture.
Estimated remaining funds due at closing
$70,452No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$55,499.52
Your down payment$55,499.52
Closing costs + prepaids$14,952.04
Total buyer cash needed$70,451.55
Remaining funds due$70,451.55
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$4,775.00
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)$1,229.00
Prepaid interest, first (31 days)$2,473.04
Fees + prepaids$14,952.04
Your down payment is the seller’s equity. You take over the $422,000 balance, so the rest of the $477,500 price is paid at closing. A second mortgage can cover part of it. $70,451.55 is due at closing. Uses and sources reconcile at $492,452.04 each. Not a Closing Disclosure.