Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$946,851Cash toward the purchase price.
Closing costs + prepaids$28,604Not just lender fees.
Before credits & paid funds$975,455The complete starting cash picture.
Estimated remaining funds due at closing
$975,455No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$946,850.53
Your down payment$946,850.53
Closing costs + prepaids$28,604.45
Total buyer cash needed$975,454.98
Remaining funds due$975,454.98
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%)$15,000.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,765.75
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$1,952.00
Initial HOA (3 months)$1,157.01
Prepaid interest, first (25 days)$1,511.69
Fees + prepaids$28,604.45
Your down payment is the seller’s equity. You take over the $553,149 balance, so the rest of the $1,500,000 price is paid at closing. A second mortgage can cover part of it. $975,454.98 is due at closing. Uses and sources reconcile at $1,528,604.45 each. Not a Closing Disclosure.