Follow the dollars · Assumption only
A complete cash picture for Dec 23, 2026
Your down payment$470,642Cash toward the purchase price.
Closing costs + prepaids$18,611Not just lender fees.
Before credits & paid funds$489,253The complete starting cash picture.
Estimated remaining funds due at closing
$489,253No credits or earnest money applied yet.
Bridge the purchase gap
From the price to what is still due.
Full purchase gap at closing$470,641.74
Your down payment$470,641.74
Closing costs + prepaids$18,611.36
Total buyer cash needed$489,253.10
Remaining funds due$489,253.10
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%)$8,800.00
Title & settlement$1,825.00
Recording fee$100.00
VA funding fee (0.5%)$2,046.79
Home insurance (12 months up front)$2,600.00
Insurance escrow (3 months)$650.00
Property tax escrow (3 months)$1,056.00
Initial HOA (3 months)$215.01
Prepaid interest, first (9 days)$275.56
Fees + prepaids$18,611.36
Your down payment is the seller’s equity. You take over the $409,358 balance, so the rest of the $880,000 price is paid at closing. A second mortgage can cover part of it. $489,253.10 is due at closing. Uses and sources reconcile at $898,611.36 each. Not a Closing Disclosure.