Follow the dollars · Assumption only
A complete cash picture for Nov 29, 2026
Your down payment$242,947Cash toward the purchase price.
Closing costs + prepaids$22,581Not just lender fees.
Before credits & paid funds$265,528The complete starting cash picture.
Estimated remaining funds due at closing
$265,528No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$242,947.01
Your down payment$242,947.01
Closing costs + prepaids$22,581.15
Total buyer cash needed$265,528.16
Remaining funds due$265,528.16
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%)$9,880.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$3,725.26
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$2,470.00
Initial HOA (3 months)$165.00
Prepaid interest, first (2 days)$122.88
Fees + prepaids$22,581.15
Your down payment is the seller’s equity. You take over the $745,053 balance, so the rest of the $988,000 price is paid at closing. A second mortgage can cover part of it. $265,528.16 is due at closing. Uses and sources reconcile at $1,010,581.15 each. Not a Closing Disclosure.