Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$487,977Cash toward the purchase price.
Closing costs + prepaids$27,113Not just lender fees.
Before credits & paid funds$515,090The complete starting cash picture.
Estimated remaining funds due at closing
$515,090No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$487,977.49
Your down payment$487,977.49
Closing costs + prepaids$27,112.83
Total buyer cash needed$515,090.32
Remaining funds due$515,090.32
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%)$12,250.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$3,685.11
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,462.25
Prepaid interest, first (24 days)$1,497.47
Fees + prepaids$27,112.83
Your down payment is the seller’s equity. You take over the $737,023 balance, so the rest of the $1,225,000 price is paid at closing. A second mortgage can cover part of it. $515,090.32 is due at closing. Uses and sources reconcile at $1,252,112.83 each. Not a Closing Disclosure.