Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$701,298Cash toward the purchase price.
Closing costs + prepaids$23,353Not just lender fees.
Before credits & paid funds$724,651The complete starting cash picture.
Estimated remaining funds due at closing
$724,651No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$701,298.08
Your down payment$701,298.08
Closing costs + prepaids$23,352.76
Total buyer cash needed$724,650.84
Remaining funds due$724,650.84
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%)$10,990.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$1,988.51
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$2,747.50
Initial HOA (3 months)$597.00
Prepaid interest, first (25 days)$811.75
Fees + prepaids$23,352.76
Your down payment is the seller’s equity. You take over the $397,702 balance, so the rest of the $1,099,000 price is paid at closing. A second mortgage can cover part of it. $724,650.84 is due at closing. Uses and sources reconcile at $1,122,352.76 each. Not a Closing Disclosure.