Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$185,581Cash toward the purchase price.
Closing costs + prepaids$12,303Not just lender fees.
Before credits & paid funds$197,883The complete starting cash picture.
Estimated remaining funds due at closing
$197,883No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$185,580.57
Your down payment$185,580.57
Closing costs + prepaids$12,302.62
Total buyer cash needed$197,883.18
Remaining funds due$197,883.18
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$4,800.00
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)$487.50
Prepaid interest, first (24 days)$540.12
Fees + prepaids$12,302.62
Your down payment is the seller’s equity. You take over the $294,419 balance, so the rest of the $480,000 price is paid at closing. A second mortgage can cover part of it. $197,883.18 is due at closing. Uses and sources reconcile at $492,302.62 each. Not a Closing Disclosure.