Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$255,704Cash toward the purchase price.
Closing costs + prepaids$14,608Not just lender fees.
Before credits & paid funds$270,312The complete starting cash picture.
Estimated remaining funds due at closing
$270,312No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$255,703.61
Your down payment$255,703.61
Closing costs + prepaids$14,607.93
Total buyer cash needed$270,311.54
Remaining funds due$270,311.54
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)$1,099.50
Initial HOA (3 months)$174.99
Prepaid interest, first (24 days)$1,358.44
Fees + prepaids$14,607.93
Your down payment is the seller’s equity. You take over the $294,296 balance, so the rest of the $550,000 price is paid at closing. A second mortgage can cover part of it. $270,311.54 is due at closing. Uses and sources reconcile at $564,607.93 each. Not a Closing Disclosure.