Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$931,854Cash toward the purchase price.
Closing costs + prepaids$24,540Not just lender fees.
Before credits & paid funds$956,394The complete starting cash picture.
Estimated remaining funds due at closing
$956,394No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$931,854.05
Your down payment$931,854.05
Closing costs + prepaids$24,540.20
Total buyer cash needed$956,394.26
Remaining funds due$956,394.26
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$12,200.00
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)$3,050.00
Initial HOA (3 months)$660.00
Prepaid interest, first (25 days)$1,405.20
Fees + prepaids$24,540.20
Your down payment is the seller’s equity. You take over the $288,146 balance, so the rest of the $1,220,000 price is paid at closing. A second mortgage can cover part of it. $956,394.26 is due at closing. Uses and sources reconcile at $1,244,540.20 each. Not a Closing Disclosure.