Follow the dollars · Assumption only
A complete cash picture for Dec 3, 2026
Your down payment$1,173,306Cash toward the purchase price.
Closing costs + prepaids$26,705Not just lender fees.
Before credits & paid funds$1,200,011The complete starting cash picture.
Estimated remaining funds due at closing
$1,200,011No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$1,173,306.31
Your down payment$1,173,306.31
Closing costs + prepaids$26,704.57
Total buyer cash needed$1,200,010.88
Remaining funds due$1,200,010.88
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$14,800.00
Title & settlement$1,825.00
Recording fee$100.00
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,700.00
Prepaid interest, first (29 days)$979.57
Fees + prepaids$26,704.57
Your down payment is the seller’s equity. You take over the $306,694 balance, so the rest of the $1,480,000 price is paid at closing. A second mortgage can cover part of it. $1,200,010.88 is due at closing. Uses and sources reconcile at $1,506,704.57 each. Not a Closing Disclosure.