Follow the dollars · Assumption only
A complete cash picture for Dec 22, 2026
Your down payment$62,391Cash toward the purchase price.
Closing costs + prepaids$17,863Not just lender fees.
Before credits & paid funds$80,254The complete starting cash picture.
Estimated remaining funds due at closing
$80,254No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$62,391.42
Your down payment$62,391.42
Closing costs + prepaids$17,862.58
Total buyer cash needed$80,254.00
Remaining funds due$80,254.00
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%)$6,940.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$3,158.04
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$832.75
Initial HOA (3 months)$339.00
Prepaid interest, first (10 days)$1,124.78
Fees + prepaids$17,862.58
Your down payment is the seller’s equity. You take over the $631,609 balance, so the rest of the $694,000 price is paid at closing. A second mortgage can cover part of it. $80,254.00 is due at closing. Uses and sources reconcile at $711,862.58 each. Not a Closing Disclosure.