I know this wasn't exactly your question but why not just cancel the existing faucet and buy this fantastic $20 tool. You will end up with new faucets throughout your home because it makes the job so simple.
Ridgid Faucet & Sink Installer (Fast Faucet Fixes!!) -- by Home Repair Tutor - YouTube. There are many YouTube videos if you still want to make a repair to your existing faucet.