Follow the dollars · Assumption only
A complete cash picture for Dec 20, 2026
Your down payment$250,990Cash toward the purchase price.
Closing costs + prepaids$16,015Not just lender fees.
Before credits & paid funds$267,005The complete starting cash picture.
Estimated remaining funds due at closing
$267,005No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$250,989.97
Your down payment$250,989.97
Closing costs + prepaids$16,014.59
Total buyer cash needed$267,004.55
Remaining funds due$267,004.55
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%)$6,850.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,170.05
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$822.00
Initial HOA (3 months)$315.00
Prepaid interest, first (12 days)$389.54
Fees + prepaids$16,014.59
Your down payment is the seller’s equity. You take over the $434,010 balance, so the rest of the $685,000 price is paid at closing. A second mortgage can cover part of it. $267,004.55 is due at closing. Uses and sources reconcile at $701,014.59 each. Not a Closing Disclosure.