Earnest Money Calculator

Your details

Choose which value to calculate. Enter the other two and the missing one is solved for you.
The agreed purchase price of the property.
USD
Typical range is 1-3% in standard markets and up to 10% in very competitive markets.
%
The fixed dollar amount you plan to offer as a deposit.
USD
Used to assess whether your chosen percentage is typical for your market conditions.
Your total down payment percentage. Used to show how the earnest money deposit credits toward closing.
%
Typical closing costs run 2-5% of the purchase price. Used for the total cash-needed breakdown.
% of price
Currency
Earnest Money DepositWithin typical range
$8,000

Good-faith deposit due at offer acceptance

Earnest Money Percentage0.02%
Implied Home Price$400,000
Total Down Payment$80,000
Down Payment Still Owed at Closing$72,000
Estimated Closing Costs$12,000
Total Cash Needed at Closing$84,000
Estimated Loan Amount$320,000
Market Low Deposit$4,000
Market High Deposit$12,000

Your earnest money deposit is $8,000 (2.00% of the purchase price).

  • Your deposit of $8,000 (2.00%) falls within the typical range for this market type, which shows credible buyer intent without over-committing cash.
  • Your earnest money covers 10% of your total down payment of $80,000. The remaining portion is due at closing.
  • Earnest money is fully protected against loss when you include standard contingencies: financing, inspection, and appraisal. Always confirm contingency deadlines with your agent before signing.
  • Plan to bring approximately $84,000 in additional cash to the closing table (remaining down payment plus estimated closing costs).

Next stepOnce your offer is accepted, your agent will direct you to wire or deliver the deposit to an escrow or title company, typically within 1-3 business days of contract execution. Keep your contingency deadlines in writing.

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