Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$355,593Cash toward the purchase price.
Closing costs + prepaids$16,714Not just lender fees.
Before credits & paid funds$372,307The complete starting cash picture.
Estimated remaining funds due at closing
$372,307No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$355,593.38
Your down payment$355,593.38
Closing costs + prepaids$16,714.11
Total buyer cash needed$372,307.49
Remaining funds due$372,307.49
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%)$1,722.03
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$1,609.75
Initial HOA (3 months)$167.01
Prepaid interest, first (24 days)$747.32
Fees + prepaids$16,714.11
Your down payment is the seller’s equity. You take over the $344,407 balance, so the rest of the $700,000 price is paid at closing. A second mortgage can cover part of it. $372,307.49 is due at closing. Uses and sources reconcile at $716,714.11 each. Not a Closing Disclosure.