Follow the dollars · Assumption only
A complete cash picture for Dec 20, 2026
Your down payment$1,164,880Cash toward the purchase price.
Closing costs + prepaids$25,195Not just lender fees.
Before credits & paid funds$1,190,075The complete starting cash picture.
Estimated remaining funds due at closing
$1,190,075No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$1,164,880.05
Your down payment$1,164,880.05
Closing costs + prepaids$25,195.19
Total buyer cash needed$1,190,075.24
Remaining funds due$1,190,075.24
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$15,400.00
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)$1,848.00
Initial HOA (3 months)$237.51
Prepaid interest, first (12 days)$484.68
Fees + prepaids$25,195.19
Your down payment is the seller’s equity. You take over the $375,120 balance, so the rest of the $1,540,000 price is paid at closing. A second mortgage can cover part of it. $1,190,075.24 is due at closing. Uses and sources reconcile at $1,565,195.19 each. Not a Closing Disclosure.