Follow the dollars · Assumption only
A complete cash picture for Dec 6, 2026
Your down payment$240,559Cash toward the purchase price.
Closing costs + prepaids$30,417Not just lender fees.
Before credits & paid funds$270,976The complete starting cash picture.
Estimated remaining funds due at closing
$270,976No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$240,559.32
Your down payment$240,559.32
Closing costs + prepaids$30,416.54
Total buyer cash needed$270,975.86
Remaining funds due$270,975.86
Closing costs, itemized
Fees first, then prepaids and escrow.
Assumption fee$763.00
Credit report$200.00
Tax service$80.00
UMe assumption specialist (1%)$12,000.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$4,797.20
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,000.00
Prepaid interest, first (26 days)$4,401.34
Fees + prepaids$30,416.54
Your down payment is the seller’s equity. You take over the $959,441 balance, so the rest of the $1,200,000 price is paid at closing. A second mortgage can cover part of it. $270,975.86 is due at closing. Uses and sources reconcile at $1,230,416.54 each. Not a Closing Disclosure.