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Earnest Money Calculator
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Earnest Money Calculator to calculate how much money you need for the earnest money deposit to buy a house. The earnest money is a percentage of the property price that homebuyers make when they sign the purchase agreement to buy a house.
Earnest Money Deposit Calculator |
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| Property Price | $ |
| Earnest Money Percentage | % |
| Earnest Money |
What is earnest money?
Earnest money is the money that a homebuyer pays to the home seller to show good faith that they want to move forward with the property purchase. Homebuyers must make the earnest deposit before he/she goes out to get a mortgage on the house, and the earnest money is usually deposited in an escrow account to protect the homebuyer.
How much is earnest money?
The earnest money can be anywhere from 1% to 3% of the property price in many states. However, in some states like New York City, the earnest deposit can be as high as 10% of the property price. For example, if the property price is $500,000, and the earnest money is 3%, then you would pay 3% of $500,000 as the earnest deposit which is $15,000.
The following earnest money deposit table shows how much you have to pay as the earnest deposit with different property prices and earnest money percentages.
| Property Price | Earnest Money Percentage | Earnest Deposit |
|---|---|---|
| $300,000 | 1% | $3,000 |
| $300,000 | 2% | $6,000 |
| $300,000 | 3% | $9,000 |
| $300,000 | 4% | $12,000 |
| $300,000 | 5% | $15,000 |
| $300,000 | 6% | $18,000 |
| $300,000 | 7% | $21,000 |
| $300,000 | 8% | $24,000 |
| $300,000 | 9% | $27,000 |
| $300,000 | 10% | $30,000 |
| $350,000 | 1% | $3,500 |
| $350,000 | 2% | $7,000 |
| $350,000 | 3% | $10,500 |
| $350,000 | 4% | $14,000 |
| $350,000 | 5% | $17,500 |
| $350,000 | 6% | $21,000 |
| $350,000 | 7% | $24,500 |
| $350,000 | 8% | $28,000 |
| $350,000 | 9% | $31,500 |
| $350,000 | 10% | $35,000 |
| $400,000 | 1% | $4,000 |
| $400,000 | 2% | $8,000 |
| $400,000 | 3% | $12,000 |
| $400,000 | 4% | $16,000 |
| $400,000 | 5% | $20,000 |
| $400,000 | 6% | $24,000 |
| $400,000 | 7% | $28,000 |
| $400,000 | 8% | $32,000 |
| $400,000 | 9% | $36,000 |
| $400,000 | 10% | $40,000 |
| $450,000 | 1% | $4,500 |
| $450,000 | 2% | $9,000 |
| $450,000 | 3% | $13,500 |
| $450,000 | 4% | $18,000 |
| $450,000 | 5% | $22,500 |
| $450,000 | 6% | $27,000 |
| $450,000 | 7% | $31,500 |
| $450,000 | 8% | $36,000 |
| $450,000 | 9% | $40,500 |
| $450,000 | 10% | $45,000 |
| $500,000 | 1% | $5,000 |
| $500,000 | 2% | $10,000 |
| $500,000 | 3% | $15,000 |
| $500,000 | 4% | $20,000 |
| $500,000 | 5% | $25,000 |
| $500,000 | 6% | $30,000 |
| $500,000 | 7% | $35,000 |
| $500,000 | 8% | $40,000 |
| $500,000 | 9% | $45,000 |
| $500,000 | 10% | $50,000 |
| $550,000 | 1% | $5,500 |
| $550,000 | 2% | $11,000 |
| $550,000 | 3% | $16,500 |
| $550,000 | 4% | $22,000 |
| $550,000 | 5% | $27,500 |
| $550,000 | 6% | $33,000 |
| $550,000 | 7% | $38,500 |
| $550,000 | 8% | $44,000 |
| $550,000 | 9% | $49,500 |
| $550,000 | 10% | $55,000 |
| $600,000 | 1% | $6,000 |
| $600,000 | 2% | $12,000 |
| $600,000 | 3% | $18,000 |
| $600,000 | 4% | $24,000 |
| $600,000 | 5% | $30,000 |
| $600,000 | 6% | $36,000 |
| $600,000 | 7% | $42,000 |
| $600,000 | 8% | $48,000 |
| $600,000 | 9% | $54,000 |
| $600,000 | 10% | $60,000 |
| $650,000 | 1% | $6,500 |
| $650,000 | 2% | $13,000 |
| $650,000 | 3% | $19,500 |
| $650,000 | 4% | $26,000 |
| $650,000 | 5% | $32,500 |
| $650,000 | 6% | $39,000 |
| $650,000 | 7% | $45,500 |
| $650,000 | 8% | $52,000 |
| $650,000 | 9% | $58,500 |
| $650,000 | 10% | $65,000 |
| $700,000 | 1% | $7,000 |
| $700,000 | 2% | $14,000 |
| $700,000 | 3% | $21,000 |
| $700,000 | 4% | $28,000 |
| $700,000 | 5% | $35,000 |
| $700,000 | 6% | $42,000 |
| $700,000 | 7% | $49,000 |
| $700,000 | 8% | $56,000 |
| $700,000 | 9% | $63,000 |
| $700,000 | 10% | $70,000 |
| $750,000 | 1% | $7,500 |
| $750,000 | 2% | $15,000 |
| $750,000 | 3% | $22,500 |
| $750,000 | 4% | $30,000 |
| $750,000 | 5% | $37,500 |
| $750,000 | 6% | $45,000 |
| $750,000 | 7% | $52,500 |
| $750,000 | 8% | $60,000 |
| $750,000 | 9% | $67,500 |
| $750,000 | 10% | $75,000 |
| $800,000 | 1% | $8,000 |
| $800,000 | 2% | $16,000 |
| $800,000 | 3% | $24,000 |
| $800,000 | 4% | $32,000 |
| $800,000 | 5% | $40,000 |
| $800,000 | 6% | $48,000 |
| $800,000 | 7% | $56,000 |
| $800,000 | 8% | $64,000 |
| $800,000 | 9% | $72,000 |
| $800,000 | 10% | $80,000 |
| $850,000 | 1% | $8,500 |
| $850,000 | 2% | $17,000 |
| $850,000 | 3% | $25,500 |
| $850,000 | 4% | $34,000 |
| $850,000 | 5% | $42,500 |
| $850,000 | 6% | $51,000 |
| $850,000 | 7% | $59,500 |
| $850,000 | 8% | $68,000 |
| $850,000 | 9% | $76,500 |
| $850,000 | 10% | $85,000 |
| $900,000 | 1% | $9,000 |
| $900,000 | 2% | $18,000 |
| $900,000 | 3% | $27,000 |
| $900,000 | 4% | $36,000 |
| $900,000 | 5% | $45,000 |
| $900,000 | 6% | $54,000 |
| $900,000 | 7% | $63,000 |
| $900,000 | 8% | $72,000 |
| $900,000 | 9% | $81,000 |
| $900,000 | 10% | $90,000 |
| $950,000 | 1% | $9,500 |
| $950,000 | 2% | $19,000 |
| $950,000 | 3% | $28,500 |
| $950,000 | 4% | $38,000 |
| $950,000 | 5% | $47,500 |
| $950,000 | 6% | $57,000 |
| $950,000 | 7% | $66,500 |
| $950,000 | 8% | $76,000 |
| $950,000 | 9% | $85,500 |
| $950,000 | 10% | $95,000 |
| $1,000,000 | 1% | $10,000 |
| $1,000,000 | 2% | $20,000 |
| $1,000,000 | 3% | $30,000 |
| $1,000,000 | 4% | $40,000 |
| $1,000,000 | 5% | $50,000 |
| $1,000,000 | 6% | $60,000 |
| $1,000,000 | 7% | $70,000 |
| $1,000,000 | 8% | $80,000 |
| $1,000,000 | 9% | $90,000 |
| $1,000,000 | 10% | $100,000 |
| $1,050,000 | 1% | $10,500 |
| $1,050,000 | 2% | $21,000 |
| $1,050,000 | 3% | $31,500 |
| $1,050,000 | 4% | $42,000 |
| $1,050,000 | 5% | $52,500 |
| $1,050,000 | 6% | $63,000 |
| $1,050,000 | 7% | $73,500 |
| $1,050,000 | 8% | $84,000 |
| $1,050,000 | 9% | $94,500 |
| $1,050,000 | 10% | $105,000 |
| $1,100,000 | 1% | $11,000 |
| $1,100,000 | 2% | $22,000 |
| $1,100,000 | 3% | $33,000 |
| $1,100,000 | 4% | $44,000 |
| $1,100,000 | 5% | $55,000 |
| $1,100,000 | 6% | $66,000 |
| $1,100,000 | 7% | $77,000 |
| $1,100,000 | 8% | $88,000 |
| $1,100,000 | 9% | $99,000 |
| $1,100,000 | 10% | $110,000 |
| $1,150,000 | 1% | $11,500 |
| $1,150,000 | 2% | $23,000 |
| $1,150,000 | 3% | $34,500 |
| $1,150,000 | 4% | $46,000 |
| $1,150,000 | 5% | $57,500 |
| $1,150,000 | 6% | $69,000 |
| $1,150,000 | 7% | $80,500 |
| $1,150,000 | 8% | $92,000 |
| $1,150,000 | 9% | $103,500 |
| $1,150,000 | 10% | $115,000 |
| $1,200,000 | 1% | $12,000 |
| $1,200,000 | 2% | $24,000 |
| $1,200,000 | 3% | $36,000 |
| $1,200,000 | 4% | $48,000 |
| $1,200,000 | 5% | $60,000 |
| $1,200,000 | 6% | $72,000 |
| $1,200,000 | 7% | $84,000 |
| $1,200,000 | 8% | $96,000 |
| $1,200,000 | 9% | $108,000 |
| $1,200,000 | 10% | $120,000 |
| $1,250,000 | 1% | $12,500 |
| $1,250,000 | 2% | $25,000 |
| $1,250,000 | 3% | $37,500 |
| $1,250,000 | 4% | $50,000 |
| $1,250,000 | 5% | $62,500 |
| $1,250,000 | 6% | $75,000 |
| $1,250,000 | 7% | $87,500 |
| $1,250,000 | 8% | $100,000 |
| $1,250,000 | 9% | $112,500 |
| $1,250,000 | 10% | $125,000 |
| $1,300,000 | 1% | $13,000 |
| $1,300,000 | 2% | $26,000 |
| $1,300,000 | 3% | $39,000 |
| $1,300,000 | 4% | $52,000 |
| $1,300,000 | 5% | $65,000 |
| $1,300,000 | 6% | $78,000 |
| $1,300,000 | 7% | $91,000 |
| $1,300,000 | 8% | $104,000 |
| $1,300,000 | 9% | $117,000 |
| $1,300,000 | 10% | $130,000 |
| $1,350,000 | 1% | $13,500 |
| $1,350,000 | 2% | $27,000 |
| $1,350,000 | 3% | $40,500 |
| $1,350,000 | 4% | $54,000 |
| $1,350,000 | 5% | $67,500 |
| $1,350,000 | 6% | $81,000 |
| $1,350,000 | 7% | $94,500 |
| $1,350,000 | 8% | $108,000 |
| $1,350,000 | 9% | $121,500 |
| $1,350,000 | 10% | $135,000 |
| $1,400,000 | 1% | $14,000 |
| $1,400,000 | 2% | $28,000 |
| $1,400,000 | 3% | $42,000 |
| $1,400,000 | 4% | $56,000 |
| $1,400,000 | 5% | $70,000 |
| $1,400,000 | 6% | $84,000 |
| $1,400,000 | 7% | $98,000 |
| $1,400,000 | 8% | $112,000 |
| $1,400,000 | 9% | $126,000 |
| $1,400,000 | 10% | $140,000 |
| $1,450,000 | 1% | $14,500 |
| $1,450,000 | 2% | $29,000 |
| $1,450,000 | 3% | $43,500 |
| $1,450,000 | 4% | $58,000 |
| $1,450,000 | 5% | $72,500 |
| $1,450,000 | 6% | $87,000 |
| $1,450,000 | 7% | $101,500 |
| $1,450,000 | 8% | $116,000 |
| $1,450,000 | 9% | $130,500 |
| $1,450,000 | 10% | $145,000 |
| $1,500,000 | 1% | $15,000 |
| $1,500,000 | 2% | $30,000 |
| $1,500,000 | 3% | $45,000 |
| $1,500,000 | 4% | $60,000 |
| $1,500,000 | 5% | $75,000 |
| $1,500,000 | 6% | $90,000 |
| $1,500,000 | 7% | $105,000 |
| $1,500,000 | 8% | $120,000 |
| $1,500,000 | 9% | $135,000 |
| $1,500,000 | 10% | $150,000 |
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