Follow the dollars · Assumption only
A complete cash picture for Dec 9, 2026
Your down payment$47,580Cash toward the purchase price.
Closing costs + prepaids$14,368Not just lender fees.
Before credits & paid funds$61,947The complete starting cash picture.
Estimated remaining funds due at closing
$61,947No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$47,579.53
Your down payment$47,579.53
Closing costs + prepaids$14,367.62
Total buyer cash needed$61,947.15
Remaining funds due$61,947.15
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)$300.50
Initial HOA (3 months)$34.26
Prepaid interest, first (23 days)$2,057.86
Fees + prepaids$14,367.62
Your down payment is the seller’s equity. You take over the $502,420 balance, so the rest of the $550,000 price is paid at closing. A second mortgage can cover part of it. $61,947.15 is due at closing. Uses and sources reconcile at $564,367.62 each. Not a Closing Disclosure.