Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$671,377Cash toward the purchase price.
Closing costs + prepaids$23,565Not just lender fees.
Before credits & paid funds$694,941The complete starting cash picture.
Estimated remaining funds due at closing
$694,941No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$671,376.62
Your down payment$671,376.62
Closing costs + prepaids$23,564.66
Total buyer cash needed$694,941.28
Remaining funds due$694,941.28
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$12,000.00
Title & settlement$1,825.00
Recording fee$100.00
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,000.00
Prepaid interest, first (25 days)$1,339.66
Fees + prepaids$23,564.66
Your down payment is the seller’s equity. You take over the $528,623 balance, so the rest of the $1,200,000 price is paid at closing. A second mortgage can cover part of it. $694,941.28 is due at closing. Uses and sources reconcile at $1,223,564.66 each. Not a Closing Disclosure.