Total Cash Invested on BRRRR Report

[Alex Smith]

Hi BP!

I'm trying to wrap my head around the Total Cash Invested value on the BRRRR Report. I ran a report with sample inputs and I don't see how the numbers add up.

My Refi amount is $105,000 and I've calculated my All-In Cost based on the sample data below to be:

$100,000 Purchase Price

$10,000 Estimated Repairs

$5,000 Closing Costs

$1,600 Points

$2,000 Refi Fees

$4,651.45 Holding Costs

 = $123,251.45 

To my understanding, my Total Cash Invested would be: 

$123,251.45 - $105,000 = $18,251.45

However, the BRRRR Report figure in the image below is $12,280.34

What am I misunderstanding or missing?