Earnest money is applied towards the purchase price and closing costs of real estate. For example, if a buyer contracts to buy a home at $200,000, and the closing costs are $10,000, The buyer will need to pay $210,000 to purchase their home. If the buyer provides $8,000 in earnest money with the contract, the buyer will need to pay $202,000 at closing.
Please view this disclaimer about this page.
This entry is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
BACK TO TOP HOME PAGE Denver Neighborhoods Contact Me Mortgage Calculators More Mortgage Calculators Investment Calculators New Denver Homeowner Information Questions and Answers Car Purchase Calculator DealerZAPPER.com Car Price Checker Calculate Real Estate Commission