Follow the dollars · Assumption only
A complete cash picture for Dec 7, 2026
Your down payment$320,000Cash toward the purchase price.
Closing costs + prepaids$14,795Not just lender fees.
Before credits & paid funds$334,795The complete starting cash picture.
Estimated remaining funds due at closing
$334,795No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$320,000.18
Your down payment$320,000.18
Closing costs + prepaids$14,794.60
Total buyer cash needed$334,794.78
Remaining funds due$334,794.78
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%)$6,249.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$1,524.50
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$227.00
Prepaid interest, first (25 days)$1,326.11
Fees + prepaids$14,794.60
Your down payment is the seller’s equity. You take over the $304,900 balance, so the rest of the $624,900 price is paid at closing. A second mortgage can cover part of it. $334,794.78 is due at closing. Uses and sources reconcile at $639,694.60 each. Not a Closing Disclosure.