Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$537,439Cash toward the purchase price.
Closing costs + prepaids$24,924Not just lender fees.
Before credits & paid funds$562,363The complete starting cash picture.
Estimated remaining funds due at closing
$562,363No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$537,439.43
Your down payment$537,439.43
Closing costs + prepaids$24,923.86
Total buyer cash needed$562,363.28
Remaining funds due$562,363.28
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%)$11,200.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,912.80
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$2,800.00
Initial HOA (3 months)$600.00
Prepaid interest, first (25 days)$1,193.05
Fees + prepaids$24,923.86
Your down payment is the seller’s equity. You take over the $582,561 balance, so the rest of the $1,120,000 price is paid at closing. A second mortgage can cover part of it. $562,363.28 is due at closing. Uses and sources reconcile at $1,144,923.86 each. Not a Closing Disclosure.