Free tool
Bank statement income calculator
See roughly how a lender turns your deposits into qualifying income, and how that compares with the number on your tax return.
Your deposits
Total deposits over 12 or 24 months divided by the number of months. Leave out transfers between your own accounts, loans, and refunds.
Many lenders default to around 50% on business accounts. A CPA letter can support a lower, more accurate ratio.
*Total monthly debts a lender might allow, including the new housing payment, at an illustrative 45% to 50% debt-to-income ratio. Educational estimate only. Not an approval, quote, or commitment to lend. Actual qualifying income and DTI limits are set by the lender after full underwriting.
Get My Real NumbersHow it works
Understanding the estimate
How do lenders calculate income from bank statements?
They total the qualifying deposits over 12 or 24 months, back out transfers, loan proceeds, and refunds, and average them by month. On business accounts they apply an expense factor (often around 50%, sometimes lower with a CPA letter) to account for operating costs. The result is your monthly qualifying income. Try our bank statement income calculator for a rough estimate.
Is this calculator an approval or a quote?
No. It's an educational estimate of how a bank statement review typically converts deposits into qualifying income. The lender's actual review, which backs out transfers and non-business deposits, decides the real number.
Why does a personal account count more of my deposits?
Deposits into a personal account are usually what you pay yourself after the business covers its costs, so many lenders count most or all of them. Business account deposits include money that goes right back out for fuel, insurance, and the truck, so an expense factor is applied.
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