Sophia Sommer

(602) 512-9825

Follow the dollars · Assumption only

A complete cash picture for Dec 1, 2026

Buyers Guide
Your down payment$10,147Cash toward the purchase price.
Closing costs + prepaids$15,318Not just lender fees.
Before credits & paid funds$25,465The complete starting cash picture.
Estimated remaining funds due at closing

No credits or earnest money applied yet.

$25,465

Bridge the purchase gap

From the price to what is still due.

Full purchase gap at closing$10,146.76
Your down payment$10,146.76
Closing costs + prepaids$15,318.36
Total buyer cash needed$25,465.11
Remaining funds due$25,465.11

Closing costs, itemized

Fees first, then prepaids and escrow.

Assumption fee$1,800.00
Credit report$250.00
UMe assumption specialist (1%)$5,250.00
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)$463.75
Initial HOA (3 months)$213.00
Prepaid interest, first (31 days)$2,916.61
Fees + prepaids$15,318.36

Your down payment is the seller’s equity. You take over the $514,853 balance, so the rest of the $525,000 price is paid at closing. A second mortgage can cover part of it. $25,465.11 is due at closing. Uses and sources reconcile at $540,318.36 each. Not a Closing Disclosure.