Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$297,667Cash toward the purchase price.
Closing costs + prepaids$17,055Not just lender fees.
Before credits & paid funds$314,721The complete starting cash picture.
Estimated remaining funds due at closing
$314,721No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$297,666.54
Your down payment$297,666.54
Closing costs + prepaids$17,054.76
Total buyer cash needed$314,721.30
Remaining funds due$314,721.30
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%)$7,000.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,011.67
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$1,750.00
Initial HOA (3 months)$87.00
Prepaid interest, first (24 days)$738.09
Fees + prepaids$17,054.76
Your down payment is the seller’s equity. You take over the $402,333 balance, so the rest of the $700,000 price is paid at closing. A second mortgage can cover part of it. $314,721.30 is due at closing. Uses and sources reconcile at $717,054.76 each. Not a Closing Disclosure.