[Calc Review] Help me analyze this deal

[Erin Elam]

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*This link comes directly from our calculators, based on information input by the member who posted.

I do not understand why this calculator keeps saying I will need over $80K to close on this deal. I selected the loan option, it will be hard money so I didn't know what to put for # of months amortized for the first loan section. But since it is a loan why in the world would I need the entire purchase price in cash? It seems that the P&I payment is what is killing this deal, are there any other numbers you see I might have entered incorrectly? Or is this really that bad of a deal? Please help :).