Follow the dollars · Assumption only
A complete cash picture for Dec 13, 2026
Your down payment$16,000Cash toward the purchase price.
Closing costs + prepaids$10,975Not just lender fees.
Before credits & paid funds$26,975The complete starting cash picture.
Estimated remaining funds due at closing
$26,975No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$16,000.03
Your down payment$16,000.03
Closing costs + prepaids$10,975.42
Total buyer cash needed$26,975.45
Remaining funds due$26,975.45
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$3,550.00
Title & settlement$1,825.00
Recording fee$100.00
Home insurance (12 months up front)$1,800.00
Insurance escrow (3 months)$450.00
Property tax escrow (3 months)$367.50
Prepaid interest, first (19 days)$832.92
Fees + prepaids$10,975.42
Your down payment is the seller’s equity. You take over the $339,000 balance, so the rest of the $355,000 price is paid at closing. A second mortgage can cover part of it. $26,975.45 is due at closing. Uses and sources reconcile at $365,975.42 each. Not a Closing Disclosure.