So, how much do I REALLY need?

[Sean Hurwitz]

Hi there, I'm a 'newb' from Los Angeles, CA and I have a quick question for all of you out there.

Here are the stats on a hypothetical Flip deal:

Cost: $125K
Sale Price: $220K
Rehab total: $40K
I'm planning on putting down 20% (25K)
Hard money covering 70% ARV at 11% for 12 Months and 2.5 points up front. Let's say the project takes 6 months.

NOW comes the question:
What are all the OTHER fees, the Closing fees (and any other hidden ones I don't know about since I'm a newb) all the fees that I'M expected to pay for out of my own capital? In other words, how much CASH do I really need?

I'm looking to close on a house (like the one in the example) some time soon.
I already have the Hard Money behind me and I have the team ready to go (Realtor & GC) But before I make the move I need to know what my financial responsibility is.

Feel free to say "Your Realtor can give you all the numbers you need", but what I'd really like to know, is if anyone has a rough calculator (Other than BP's Flip calculator), like maybe an Excel spreadsheet or something where you put in the numbers and it's tells you what you need and all the other good info BASED on the numbers I gave you above.

Thank you all for your help (in advance).

Happy new year and have a great 2015!