Earnest Money Calculator
Determine the appropriate earnest money deposit for your real estate transaction based on property value and local market standards
Property Details
Market Conditions
Financing Options
Your Earnest Money Results
Standard Deposit
--
--
Competitive Deposit
--
--
Recommended Deposit
--
--
Enter your property details to see earnest money recommendations for your situation.
Deposit Breakdown
Your detailed earnest money analysis will appear here.
📊 Earnest Money Averages by State
| State | Residential Avg | Commercial Avg | Hot Market Adj. |
|---|---|---|---|
| California | 3-5% | 5-10% | +1-2% |
| Texas | 1-3% | 3-5% | +0.5-1% |
| New York | 5-10% | 10-15% | +2-3% |
| Florida | 1-3% | 3-7% | +1% |
| Illinois | 2-3% | 5-8% | +1% |
| Colorado | 1-2% | 3-5% | +0.5-1% |
| Washington | 2-3% | 5-7% | +1-1.5% |
Note: These are general averages. Consult with a local real estate professional for precise recommendations.
📚 Earnest Money Tips
Standard Amounts
Typically 1-3% of purchase price for residential, 5-10% for commercial properties in most markets.
Stronger Offers
In competitive markets, increasing earnest money by 1-2% can make your offer stand out.
Protect Your Deposit
Ensure your contract includes contingencies to protect your earnest money in case the deal falls through.
Escrow Accounts
Earnest money is typically held in an escrow account by a title company or real estate brokerage.
Contract Terms
The purchase agreement should specify under what conditions the earnest money is refundable or forfeited.
Applied to Closing
Earnest money is credited toward your down payment or closing costs at settlement.
Dark Mode
Note: This calculator provides estimates based on general real estate practices. Earnest money requirements can vary by location, property type, and market conditions. Always consult with a licensed real estate professional in your area for specific advice.