Planning a real estate transaction? Enter the purchase price and earnest money percentage, and our Earnest Value Money Calculator will show you the amount of earnest money deposit.
Earnest Money Calculator
Earnest Money Calculator
Component | Description |
---|---|
Purchase Price | The total purchase price of the property. |
Earnest Money Percentage | The percentage of the purchase price to be deposited as earnest money. |
Earnest Money Deposit | The amount of money to be deposited as earnest money. |
Formula | Earnest Money Deposit = Purchase Price × (Earnest Money Percentage / 100) |
Purpose | Used to calculate the amount of earnest money to be deposited in a real estate transaction, aiding in financial planning and negotiations. |