Follow the dollars · Assumption only
A complete cash picture for Nov 29, 2026
Your down payment$40,950Cash toward the purchase price.
Closing costs + prepaids$9,470Not just lender fees.
Before credits & paid funds$50,421The complete starting cash picture.
Estimated remaining funds due at closing
$50,421No 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$9,470.19
Total buyer cash needed$50,420.59
Remaining funds due$50,420.59
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 (2 days)$69.69
Fees + prepaids$9,470.19
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. $50,420.59 is due at closing. Uses and sources reconcile at $249,470.19 each. Not a Closing Disclosure.