Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$609,405Cash toward the purchase price.
Closing costs + prepaids$26,520Not just lender fees.
Before credits & paid funds$635,925The complete starting cash picture.
Estimated remaining funds due at closing
$635,925No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$609,404.68
Your down payment$609,404.68
Closing costs + prepaids$26,520.38
Total buyer cash needed$635,925.06
Remaining funds due$635,925.06
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%)$12,400.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$3,152.98
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,100.00
Initial HOA (3 months)$453.00
Prepaid interest, first (25 days)$1,196.40
Fees + prepaids$26,520.38
Your down payment is the seller’s equity. You take over the $630,595 balance, so the rest of the $1,240,000 price is paid at closing. A second mortgage can cover part of it. $635,925.06 is due at closing. Uses and sources reconcile at $1,266,520.38 each. Not a Closing Disclosure.