Follow the dollars · Assumption only
A complete cash picture for Dec 25, 2026
Your down payment$348,107Cash toward the purchase price.
Closing costs + prepaids$25,017Not just lender fees.
Before credits & paid funds$373,124The complete starting cash picture.
Estimated remaining funds due at closing
$373,124No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$348,107.15
Your down payment$348,107.15
Closing costs + prepaids$25,016.99
Total buyer cash needed$373,124.14
Remaining funds due$373,124.14
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%)$12,000.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$4,259.46
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$1,440.00
Prepaid interest, first (7 days)$1,099.53
Fees + prepaids$25,016.99
Your down payment is the seller’s equity. You take over the $851,893 balance, so the rest of the $1,200,000 price is paid at closing. A second mortgage can cover part of it. $373,124.14 is due at closing. Uses and sources reconcile at $1,225,016.99 each. Not a Closing Disclosure.