Follow the dollars · Assumption only
A complete cash picture for Dec 23, 2026
Your down payment$342,231Cash toward the purchase price.
Closing costs + prepaids$13,175Not just lender fees.
Before credits & paid funds$355,406The complete starting cash picture.
Estimated remaining funds due at closing
$355,406No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$342,230.70
Your down payment$342,230.70
Closing costs + prepaids$13,175.26
Total buyer cash needed$355,405.95
Remaining funds due$355,405.95
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)$660.00
Initial HOA (3 months)$363.00
Prepaid interest, first (9 days)$177.26
Fees + prepaids$13,175.26
Your down payment is the seller’s equity. You take over the $207,769 balance, so the rest of the $550,000 price is paid at closing. A second mortgage can cover part of it. $355,405.95 is due at closing. Uses and sources reconcile at $563,175.26 each. Not a Closing Disclosure.