Follow the dollars · Assumption only
A complete cash picture for Dec 22, 2026
Your down payment$300,294Cash toward the purchase price.
Closing costs + prepaids$15,896Not just lender fees.
Before credits & paid funds$316,190The complete starting cash picture.
Estimated remaining funds due at closing
$316,190No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$300,293.75
Your down payment$300,293.75
Closing costs + prepaids$15,896.38
Total buyer cash needed$316,190.13
Remaining funds due$316,190.13
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%)$7,000.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$1,998.53
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$840.00
Initial HOA (3 months)$275.01
Prepaid interest, first (10 days)$314.84
Fees + prepaids$15,896.38
Your down payment is the seller’s equity. You take over the $399,706 balance, so the rest of the $700,000 price is paid at closing. A second mortgage can cover part of it. $316,190.13 is due at closing. Uses and sources reconcile at $715,896.38 each. Not a Closing Disclosure.