Follow the dollars · Assumption only
A complete cash picture for Dec 5, 2026
Your down payment$987,258Cash toward the purchase price.
Closing costs + prepaids$23,842Not just lender fees.
Before credits & paid funds$1,011,100The complete starting cash picture.
Estimated remaining funds due at closing
$1,011,100No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$987,258.24
Your down payment$987,258.24
Closing costs + prepaids$23,841.59
Total buyer cash needed$1,011,099.83
Remaining funds due$1,011,099.83
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%)$1,063.71
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,000.00
Initial HOA (3 months)$1,050.00
Prepaid interest, first (27 days)$509.88
Fees + prepaids$23,841.59
Your down payment is the seller’s equity. You take over the $212,742 balance, so the rest of the $1,200,000 price is paid at closing. A second mortgage can cover part of it. $1,011,099.83 is due at closing. Uses and sources reconcile at $1,223,841.59 each. Not a Closing Disclosure.