Preconstruction Deposit Calculator
See the full cash schedule on a new tower before you sign a reservation.
What This Calculator Does
Breaks a preconstruction purchase into milestone payments and shows the dollar amount and running total due at each stage between contract and closing.
Who Is This For
Buyers considering a new tower, international purchasers planning currency transfers around milestones, and investors evaluating whether their capital is better used in preconstruction or elsewhere.
How It Works
Enter the purchase price, any flat reservation deposit already paid, and the percentage due at each milestone specified in the developer's contract to see each payment and the cumulative amount committed before closing; the reservation is credited against the contract-signing installment.
Frequently Asked Questions
What does a typical preconstruction deposit schedule look like?
Structures vary by developer and building, commonly spreading payments across contract signing, groundbreaking, a mid-construction milestone, and closing; always work from the actual contract rather than a generic assumption.
Why is so much due before closing compared with a resale?
Developers commonly use buyer deposits to help fund construction, so preconstruction purchases often require a larger share of the price before delivery than a typical resale contract.
Where is a preconstruction deposit held?
Deposits are generally held in escrow under terms set by the purchase agreement and applicable law; some funds may be released to the developer for construction once conditions are met, so review the escrow terms in your contract.
What costs come on top of the deposit schedule?
Closing costs on new construction often include developer fees and documentary stamp tax on the deed in addition to standard buyer costs; request a written closing cost estimate before signing.