Earnest Money Calculator
FinanceCalculate the earnest money deposit needed for a home purchase from the property price and deposit percentage.
Earnest Money Needed
The good-faith deposit you'll need to put down to accompany your offer.
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Frequently Asked Questions
How is earnest money calculated?
Earnest Money = Property Price x Earnest Money Percentage.
What is a typical earnest money percentage?
Earnest money deposits typically range from 1% to 3% of the purchase price, commonly around 2%, though they can rise to 5% or even 10% in especially competitive markets.
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