[Calc Review] Help me analyze this deal

[Keith W.]

We are trying to wrap our heads around this report. 

My hard money lender is giving us a 12% and 2 points loan. 

We expect to hold the money for max 8 months. Where is the total interest paid reflected in this report? 

The report says $7,464.60 in holding costs. None of the numbers in here add up to this. 

The report says we would have infinite cash return but when I subtract the amount from the refinance against the amount owed on the loan, the is $16,000. My down payment was $28,000. The report says I have no money left in the deal. Please help me see this. 

The purchase price is $140K

Closing cost $3,500

Estimated repairs $95,000

20% downpayment of $28K

Why does it say I need $126K at purchase? Why not my $28K and the lender's $122K? 

I would love to put an offer in on this house but I'm not sure I'm using this calculator correctly. 

View report

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