Follow the dollars · Assumption only
A complete cash picture for Dec 10, 2026
Your down payment$208,589Cash toward the purchase price.
Closing costs + prepaids$12,623Not just lender fees.
Before credits & paid funds$221,213The complete starting cash picture.
Estimated remaining funds due at closing
$221,213No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$208,589.43
Your down payment$208,589.43
Closing costs + prepaids$12,623.34
Total buyer cash needed$221,212.77
Remaining funds due$221,212.77
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$4,880.00
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)$563.00
Initial HOA (3 months)$222.00
Prepaid interest, first (22 days)$483.34
Fees + prepaids$12,623.34
Your down payment is the seller’s equity. You take over the $279,411 balance, so the rest of the $488,000 price is paid at closing. A second mortgage can cover part of it. $221,212.77 is due at closing. Uses and sources reconcile at $500,623.34 each. Not a Closing Disclosure.