Traditionally Earnest Money is calculated at 1% of the purchase price of the home. However, this amount is negotiable and can be more or less depending on the circumstance (purchasing anew build, a very desirable home, financial situation of the buyer, etc.). Usually, your Earnest Money can be released based on the terms of the contract if you terminate accordingly. For more information on Earnest Money speak with an agent on The Wheaton Team.