Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$60,816Cash toward the purchase price.
Closing costs + prepaids$16,149Not just lender fees.
Before credits & paid funds$76,965The complete starting cash picture.
Estimated remaining funds due at closing
$76,965No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$60,816.00
Your down payment$60,816.00
Closing costs + prepaids$16,149.10
Total buyer cash needed$76,965.10
Remaining funds due$76,965.10
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)$1,879.50
Initial HOA (3 months)$91.26
Prepaid interest, first (24 days)$2,203.34
Fees + prepaids$16,149.10
Your down payment is the seller’s equity. You take over the $489,184 balance, so the rest of the $550,000 price is paid at closing. A second mortgage can cover part of it. $76,965.10 is due at closing. Uses and sources reconcile at $566,149.10 each. Not a Closing Disclosure.