Follow the dollars · Assumption only
A complete cash picture for Dec 8, 2026
Your down payment$662,851Cash toward the purchase price.
Closing costs + prepaids$25,667Not just lender fees.
Before credits & paid funds$688,518The complete starting cash picture.
Estimated remaining funds due at closing
$688,518No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$662,851.31
Your down payment$662,851.31
Closing costs + prepaids$25,666.89
Total buyer cash needed$688,518.20
Remaining funds due$688,518.20
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%)$12,000.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,685.74
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$3,668.25
Prepaid interest, first (24 days)$1,094.90
Fees + prepaids$25,666.89
Your down payment is the seller’s equity. You take over the $537,149 balance, so the rest of the $1,200,000 price is paid at closing. A second mortgage can cover part of it. $688,518.20 is due at closing. Uses and sources reconcile at $1,225,666.89 each. Not a Closing Disclosure.