Follow the dollars · Assumption only
A complete cash picture for Dec 1, 2026
Your down payment$68,248Cash toward the purchase price.
Closing costs + prepaids$20,272Not just lender fees.
Before credits & paid funds$88,520The complete starting cash picture.
Estimated remaining funds due at closing
$88,520No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$68,247.63
Your down payment$68,247.63
Closing costs + prepaids$20,272.22
Total buyer cash needed$88,519.85
Remaining funds due$88,519.85
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%)$3,158.76
Home insurance (12 months up front)$2,000.00
Insurance escrow (3 months)$500.00
Property tax escrow (3 months)$660.75
Initial HOA (3 months)$261.00
Prepaid interest, first (31 days)$3,723.70
Fees + prepaids$20,272.22
Your down payment is the seller’s equity. You take over the $631,752 balance, so the rest of the $700,000 price is paid at closing. A second mortgage can cover part of it. $88,519.85 is due at closing. Uses and sources reconcile at $720,272.22 each. Not a Closing Disclosure.