Follow the dollars · Assumption only
A complete cash picture for Dec 5, 2026
Your down payment$1,198,880Cash toward the purchase price.
Closing costs + prepaids$27,561Not just lender fees.
Before credits & paid funds$1,226,441The complete starting cash picture.
Estimated remaining funds due at closing
$1,226,441No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$1,198,880.15
Your down payment$1,198,880.15
Closing costs + prepaids$27,560.69
Total buyer cash needed$1,226,440.85
Remaining funds due$1,226,440.85
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%)$14,800.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$1,405.60
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,963.25
Initial HOA (3 months)$549.99
Prepaid interest, first (27 days)$623.86
Fees + prepaids$27,560.69
Your down payment is the seller’s equity. You take over the $281,120 balance, so the rest of the $1,480,000 price is paid at closing. A second mortgage can cover part of it. $1,226,440.85 is due at closing. Uses and sources reconcile at $1,507,560.69 each. Not a Closing Disclosure.