Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$1,028,449Cash toward the purchase price.
Closing costs + prepaids$21,540Not just lender fees.
Before credits & paid funds$1,049,990The complete starting cash picture.
Estimated remaining funds due at closing
$1,049,990No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$1,028,449.47
Your down payment$1,028,449.47
Closing costs + prepaids$21,540.40
Total buyer cash needed$1,049,989.87
Remaining funds due$1,049,989.87
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%)$12,500.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$1,107.75
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$1,231.00
Prepaid interest, first (24 days)$483.65
Fees + prepaids$21,540.40
Your down payment is the seller’s equity. You take over the $221,551 balance, so the rest of the $1,250,000 price is paid at closing. A second mortgage can cover part of it. $1,049,989.87 is due at closing. Uses and sources reconcile at $1,271,540.40 each. Not a Closing Disclosure.