Follow the dollars · Assumption only
A complete cash picture for Dec 23, 2026
Your down payment$295,975Cash toward the purchase price.
Closing costs + prepaids$12,318Not just lender fees.
Before credits & paid funds$308,293The complete starting cash picture.
Estimated remaining funds due at closing
$308,293No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$295,975.42
Your down payment$295,975.42
Closing costs + prepaids$12,317.53
Total buyer cash needed$308,292.95
Remaining funds due$308,292.95
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)$576.00
Initial HOA (3 months)$300.00
Prepaid interest, first (9 days)$166.53
Fees + prepaids$12,317.53
Your down payment is the seller’s equity. You take over the $184,025 balance, so the rest of the $480,000 price is paid at closing. A second mortgage can cover part of it. $308,292.95 is due at closing. Uses and sources reconcile at $492,317.53 each. Not a Closing Disclosure.