Sophia Sommer

(602) 512-9825

Follow the dollars · Assumption only

A complete cash picture for Nov 30, 2026

Buyers Guide
Your down payment$14,799Cash toward the purchase price.
Closing costs + prepaids$10,487Not just lender fees.
Before credits & paid funds$25,287The complete starting cash picture.
Estimated remaining funds due at closing

No credits or earnest money applied yet.

$25,287

Bridge the purchase gap

From the price to what is still due.

Full purchase gap at closing$14,799.25
Your down payment$14,799.25
Closing costs + prepaids$10,487.45
Total buyer cash needed$25,286.70
Remaining funds due$25,286.70

Closing costs, itemized

Fees first, then prepaids and escrow.

Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$3,640.00
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)$372.25
Initial HOA (3 months)$186.00
Prepaid interest, first (1 days)$64.20
Fees + prepaids$10,487.45

Your down payment is the seller’s equity. You take over the $349,201 balance, so the rest of the $364,000 price is paid at closing. A second mortgage can cover part of it. $25,286.70 is due at closing. Uses and sources reconcile at $374,487.45 each. Not a Closing Disclosure.