Follow the dollars · Assumption only
A complete cash picture for Nov 30, 2026
Your down payment$40,950Cash toward the purchase price.
Closing costs + prepaids$9,435Not just lender fees.
Before credits & paid funds$50,386The complete starting cash picture.
Estimated remaining funds due at closing
$50,386No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$40,950.40
Your down payment$40,950.40
Closing costs + prepaids$9,435.35
Total buyer cash needed$50,385.74
Remaining funds due$50,385.74
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$2,400.00
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)$121.50
Initial HOA (3 months)$654.00
Prepaid interest, first (1 days)$34.85
Fees + prepaids$9,435.35
Your down payment is the seller’s equity. You take over the $199,050 balance, so the rest of the $240,000 price is paid at closing. A second mortgage can cover part of it. $50,385.74 is due at closing. Uses and sources reconcile at $249,435.35 each. Not a Closing Disclosure.