🏠 Earnest Money Calculator
Estimate how much earnest money deposit you might need to put down when making an offer on a home.
$
%
What is Earnest Money?
Earnest money is a good-faith deposit a homebuyer puts down when making an offer to show the seller they’re serious about the purchase. It’s typically held in escrow and later applied toward the down payment or closing costs.
The Formula
Earnest Money Deposit = Purchase Price × Deposit Percentage. Typical deposits range from 1% to 3% of the purchase price, though this can vary by local market and negotiation.
Note: This tool is for general educational and planning purposes only and is not real estate or legal advice.
Last reviewed August 2026