Follow the dollars · Assumption only
A complete cash picture for Nov 29, 2026
Your down payment$120,671Cash toward the purchase price.
Closing costs + prepaids$18,041Not just lender fees.
Before credits & paid funds$138,712The complete starting cash picture.
Estimated remaining funds due at closing
$138,712No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$120,671.02
Your down payment$120,671.02
Closing costs + prepaids$18,041.12
Total buyer cash needed$138,712.15
Remaining funds due$138,712.15
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%)$7,200.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,996.64
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$1,459.75
Initial HOA (3 months)$60.00
Prepaid interest, first (2 days)$106.73
Fees + prepaids$18,041.12
Your down payment is the seller’s equity. You take over the $599,329 balance, so the rest of the $720,000 price is paid at closing. A second mortgage can cover part of it. $138,712.15 is due at closing. Uses and sources reconcile at $738,041.12 each. Not a Closing Disclosure.