Preconstruction Deposit Calculator
See the full cash schedule on a new tower before you sign a reservation.
What This Calculator Does
Turns a new-construction deposit schedule into a cash timeline: each payment, the running total, the balance at closing split into mortgage and cash, and the part above Florida's 10% escrow line.
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
Choose condo or house, enter the price and any reservation, pick a typical South Florida schedule or enter your contract's deposits as percents or dollars with their months, then the closing month and your mortgage as a percent of the price.
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.