Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$54,980Cash toward the purchase price.
Closing costs + prepaids$14,457Not just lender fees.
Before credits & paid funds$69,438The complete starting cash picture.
Estimated remaining funds due at closing
$69,438No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$54,980.46
Your down payment$54,980.46
Closing costs + prepaids$14,457.45
Total buyer cash needed$69,437.92
Remaining funds due$69,437.92
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)$1,200.00
Prepaid interest, first (25 days)$1,982.45
Fees + prepaids$14,457.45
Your down payment is the seller’s equity. You take over the $425,020 balance, so the rest of the $480,000 price is paid at closing. A second mortgage can cover part of it. $69,437.92 is due at closing. Uses and sources reconcile at $494,457.45 each. Not a Closing Disclosure.