Bank statement loan calculator
Enter deposits, debt, and underwriting assumptions to get a rough affordability estimate before you upload real statements.
Start with the free tool. For the real numbers from your own statement, analyze a statement PDF.
How lenders calculate bank statement income
Qualifying income = average monthly eligible deposits × (1 − expense factor). The lender averages 12 or 24 consecutive months of deposits, removes anything that is not income, then applies the expense factor to business statements.
- Eligible deposits. Transfers between your own accounts, refunds, loan proceeds and unusual one-off deposits are taken out first.
- Business statements. Usually a 50% expense factor; service businesses with low costs can get less, and a CPA letter or P&L showing your real expenses can lower it.
- Personal statements. Usually 100% of eligible deposits count as income.
- 12 or 24 months. 12 months favours income that grew recently; 24 months smooths out a strong year.
Example: $12,000 a month of business deposits at a 50% expense factor gives $6,000 of qualifying income. At a 43% debt-to-income limit that leaves about $2,580 a month for all debts, including the new mortgage payment, tax and insurance.
Most programs also expect about two years of self-employment, a credit score from roughly 620–680, 10–25% down and a few months of payments in reserve. These vary by lender.
Pick the right tool
Need qualifying income first?
Use the qualifying income calculator when the missing piece is usable income, not yet the final loan-size estimate.
Open income calculator →Need statement package quality?
Use the proof-of-income checker when you want to know whether the file looks strong enough before sizing the deal.
Open proof checker →Applying for a mortgage or loan?
See the deposits, income sources, transfers and fees an underwriter will read in your statements before you send them.
Open loan statement analysis →Need the real file reviewed?
Use the analyzer when you want real deposit, debt, and transaction patterns from the uploaded statements instead of manual assumptions.
Analyze a statement PDF →Estimate your qualifying income and maximum loan
Enter your average monthly deposits and debts, and the expense factor your lender quotes for business statements (50% is the most common). Personal-statement programs usually count all eligible deposits, so for them this estimate is conservative.
Manual affordability inputs
Good for a fast estimate before you upload real statements.
Average monthly deposits visible on your statements.
Car loans, cards, student loans, personal loans.
Property tax plus homeowners insurance.
Non-QM bank statement estimate for the note rate.
The DTI cap you want to underwrite to.
How much cash you expect to put down.
Most common lender haircut
Bigger max loan
Estimated max loan
$163,724
After lender-style expense haircut.
Everything available for mortgage + tax + insurance.
Derived from the selected down payment.
Estimated down payment only.
Read on this estimate
Common lender range
Get the deposit average from your actual statements
Upload your statements and get the real monthly deposits, with transfers and refunds separated out, recurring debt payments, overdrafts and large deposits a lender will ask about.
- Every transaction from the real file
- Category totals and repeat charges
- Export to Excel or CSV
Fast enough for a first pass
Each tool does one job: a clean estimate, not a stand-in for a full statement analysis.
Built for bank statement math
Uses lender-style income haircuts instead of pretending 100% of deposits are usable.
Closer to underwriting reality
Keeps the estimate tied to DTI, debt load, term, rate, and down payment instead of one fake headline number.
Useful as a first filter
Gives you a fast go / no-go read before you move into the real document workflow.
Who this tool is for
For a first number before you talk to a lender or package a file.
Self-employed borrowers
Mortgage brokers
Real estate buyers
Loan processors
How to read a 12 month bank statement loan estimate
This result is most useful as a screening range. The number should help you judge whether the deal feels plausible before you spend time on a real file review. Enter the deposit average for the program you are quoting: a 12 month bank statement loan averages the last twelve statements, which favors a borrower whose income grew recently, while a 24 month program averages twice the history and usually lowers the qualifying figure if the earlier year was weaker.
The income haircut is the core assumption
The estimate moves because lenders do not usually count 100% of deposits as usable income. The expense factor is what turns gross inflows into underwritten income.
Debt load can erase a promising deposit story
A borrower can show strong deposits and still lose room quickly if recurring debt payments already consume too much of the DTI allowance.
A range is more honest than a single promise
Real approval still depends on reserves, credit, documentation quality, and the lender's own overlays. The value here is directional clarity, not fake certainty.
Why real statement analysis still changes the answer
The calculator is only as good as the assumptions fed into it. The actual statement package is where those assumptions get tested against reality.
Deposits need cleanup before they become income
Transfers, reimbursements, and one-off inflows can inflate the picture unless the statement is read carefully and the deposit story is normalized.
Recurring debt often shows up more clearly in activity than memory
Autopays, card payments, and loan patterns become easier to spot when you look at transaction history instead of relying on a rough borrower summary.
File quality affects whether the story is even usable
Beyond the numbers, lenders care whether the statement package is complete, coherent, and defensible enough to support the underwriting conversation.
Guides that go deeper
The tool gives the quick read. These guides explain the thresholds and what documents are expected.
Bank statement loan calculator: questions & answers
What is a bank statement loan?
A non-QM mortgage for self-employed borrowers that qualifies you on the deposits in your bank statements instead of the income on your tax returns. It suits business owners, freelancers and 1099 contractors whose write-offs make their taxable income look smaller than what they actually earn.
How do lenders calculate income from bank statements?
They add up the eligible deposits over 12 or 24 consecutive months, take out transfers between your own accounts, refunds, loan proceeds and other one-offs, and divide by the number of months. Personal statements usually count 100% of what is left; business statements are cut by an expense factor, most often 50%, unless a CPA letter or P&L supports a lower one.
What are the requirements for a bank statement loan?
Typically 12 or 24 months of complete, consecutive statements, about two years of self-employment, a credit score from roughly 620 to 680 at the minimum, 10% to 25% down depending on credit, and several months of payments in reserves. Exact limits vary by lender.
Is a 12 month or 24 month bank statement loan better?
A 12 month program averages your last year only, so it helps if your income grew recently. A 24 month program averages two years; it gives a lower figure if the earlier year was weaker, but some lenders price it slightly better.
Can I use personal bank statements instead of business statements?
Yes, many lenders accept personal statements, usually counting all eligible deposits as income. Business deposits mixed into a personal account can make the file harder to underwrite, so keep large business transfers easy to explain.
What hurts a bank statement loan application?
Missing pages or months, large deposits you cannot source, overdrafts and NSF fees, falling deposits in recent months, and personal and business money mixed in one account. An analysis of your statements shows these before a lender does.
Is this calculator a mortgage approval?
No. It is an estimate from the numbers you enter. Approval depends on credit, reserves, the property and the lender's own rules.
Something else on your mind? Write to contact@mybankstatementanalysis.com.