Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$345,451Cash toward the purchase price.
Closing costs + prepaids$14,296Not just lender fees.
Before credits & paid funds$359,748The complete starting cash picture.
Estimated remaining funds due at closing
$359,748No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$345,451.06
Your down payment$345,451.06
Closing costs + prepaids$14,296.45
Total buyer cash needed$359,747.50
Remaining funds due$359,747.50
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%)$5,500.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$1,022.74
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$1,463.75
Initial HOA (3 months)$425.01
Prepaid interest, first (24 days)$416.94
Fees + prepaids$14,296.45
Your down payment is the seller’s equity. You take over the $204,549 balance, so the rest of the $550,000 price is paid at closing. A second mortgage can cover part of it. $359,747.50 is due at closing. Uses and sources reconcile at $564,296.45 each. Not a Closing Disclosure.