Earnest Money (EM) Calculator

Earnest Money Calculator: Calculates the amount of money a buyer pays to a seller, based on property price and earnest money percentage.

Result Earnest Money $0

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Formula

Earnest money = Property price * ( Earnest money percentage / 100 )

$2000 * ( 29% / 100.0 ) = $580.0.John deposited $2000, which earned him $580 after deducting 29% as earnest money. The $580 represents 29% of the initial deposit, meaning John gave up nearly one-third of his total amount to secure the property.

Meaning

Earnest Money (EM) Calculator is used to calculate an amount of money that is paid by a buyer to secure a real estate deal. This payment is usually made when the buyer signs a purchase agreement and is refundable if certain conditions are not met, such as failing an inspection or not being able to secure financing.