Bank Statement Income Calculator
Estimate qualifying income for self-employed borrowers using 12 or 24 months of bank deposits — no tax returns required. Apply the program expense factor, see your qualifying monthly and annual income, and estimate a maximum loan amount.
Get Started in 3 Steps
How to Use the Bank Statement Income Calculator
Set Up Your Program
Choose business or personal statements, 12 or 24 months, and the expense factor that matches your business type. The factor line shows what share of deposits will count as income.
Enter Monthly Deposits
Add each month's eligible deposits — excluding transfers, refunds, and loan proceeds. The calculator averages them and applies your factor to produce qualifying monthly and annual income.
Estimate Your Max Loan
Open the maximum-loan panel and enter your DTI, other debts, rate, term, and housing costs to estimate your maximum payment and loan amount, then request a personalized quote.
Bank Statement Income Calculator
Self-employed qualifying-income estimator
Program setup
Final factor is set by the underwriter from the bank statement review and Business Analysis Questionnaire.
Monthly eligible deposits
Total eligible deposits
$240,000
Average monthly deposits
$20,000
Enter eligible deposits only — exclude transfers between accounts, refunds, loan proceeds, and other non-business income.
Qualifying monthly income
$14,000/mo
This is an estimate, not a commitment to lend or an approval. Actual qualifying income is determined by the underwriter based on a full bank statement review and the completed Business Analysis Questionnaire; the expense factor shown is illustrative and may differ. Loan amount estimates depend on program eligibility, LTV, credit, reserves, property type, and final pricing. Figures assume a fully-amortizing payment; interest-only and ARM options are calculated differently. All loans subject to credit approval. Equal Housing Lender. Lumen Mortgage · NMLS #1498678 · Licensed in Oregon & California.
How is income calculated on a bank statement loan?
A bank statement loan qualifies self-employed borrowers on actual bank deposits instead of tax returns. Average your monthly eligible deposits over 12 or 24 months, then apply an expense factor based on your business type — for example, a 50% expense factor counts 50% of deposits as qualifying income. Personal statements supported by two months of business statements can count 100% of deposits.
Best for: Self-employed borrowers, business owners, and 1099 earners whose tax returns understate their true cash flow
How It Works
Understanding the Bank Statement Income Calculator
Self-employed borrowers are the classic mismatch for conventional underwriting: the write-offs that lower your taxable income also lower the income a lender will count. A bank statement loan fixes that by qualifying you on deposits instead of tax returns. This calculator models the program exactly — pick business or personal statements over 12 or 24 months, enter your monthly eligible deposits, and apply the expense factor that matches your business type. Your qualifying monthly and annual income update live.
The expense factor is the key input. It represents the share of your deposits assumed to be business expenses, so a 50% expense factor counts 50% of deposits as income; a lean, home-based consultant might use 15%, while a high-inventory retailer might use 90%. If you provide personal statements and two months of business statements show the deposits flowing in, 100% of deposits can count. The final factor is always confirmed by the underwriter after reviewing your statements and Business Analysis Questionnaire.
Open the maximum-loan panel to turn qualifying income into a purchase budget. Enter your other monthly debts, an interest rate, a term, and estimated taxes, insurance, and HOA, and the calculator applies your max DTI (50% standard or 55% by exception) to estimate your maximum housing payment and loan amount using a fully-amortizing payment. Not sure how your other debts affect the picture? Pair this with our DTI calculator. When you're ready, get a personalized quote and we'll review your statements.
Ready to apply?
Numbers look right? Explore our Bank Statement Loans page for eligibility details, rates, and next steps.
About This Calculator
What the Bank Statement Income Calculator is For
Self-employed borrowers rarely qualify on tax returns alone — write-offs that shrink taxable income also shrink the income a conventional lender will count. A bank statement loan solves that by qualifying you on actual deposits instead. This calculator models our bank statement loan options: choose business or personal statements over 12 or 24 months, enter your monthly eligible deposits, and apply the expense factor that matches your business type. It returns your qualifying monthly and annual income in real time, then optionally estimates a maximum loan amount from your DTI, other debts, rate, term, and housing costs. Personal statements supported by two months of business statements can count 100% of deposits.
Common Use Cases
- Self-employed borrowers estimating qualifying income without tax returns
- Business owners choosing between 12- and 24-month statement documentation
- Modeling how the expense factor for your business type affects qualifying income
Ready to turn numbers into a loan?
Common Questions
Bank Statement Income Calculator — Frequently Asked Questions
Keep Exploring
Related Calculators
Debt-to-Income Calculator
Calculate your front-end housing ratio and back-end total DTI using gross income and all monthly obligations
DSCR Calculator
Calculate the debt-service coverage ratio for any rental property, find the minimum rent needed to hit 1.0 and 1.25 DSCR thresholds, and model how your down payment affects qualification.
Mortgage Calculator
Estimate your monthly principal & interest payment, compare 15- vs. 30-year terms, and see total interest paid over the life of the loan
Conventional & PMI Calculator
Calculate your conventional loan payment with FICO-score-based PMI rates, see exactly when PMI cancels under the Homeowners Protection Act, and find out how much you'd save by improving your credit score before applying.
From the Blog
Further Reading
Self-EmployedJumbo Loans for Self-Employed Borrowers in Oregon and California — How to Qualify for a $1M+ Mortgage Without Two Years of Clean Tax Returns
High income, a low-looking tax return, and a $1.2M home in your sights? Self-employed borrowers can finance jumbo purchases in Oregon and California using bank statements, a P&L, 1099s, or assets — no two years of clean returns required. Here's exactly how it works.
Physician LoansWhat's New: 100% Financing, No PMI on Our Enhanced Physician Loan Program
We've expanded our physician loan program to offer up to 100% financing — a true 0% down option — with no mortgage insurance for eligible medical professionals in Oregon and California. Here's exactly what changed, who it helps, and the new financing tiers.
AgriculturalFinancing an 80-Acre Equestrian and Cattle Ranch in Grass Valley, California: Where Ranch Home Loans Tops Out and True Ag Lending Begins on a $3.95M Multi-Residence Income Property
A real-world walkthrough of how to finance a representative 80-acre legacy ranch in Grass Valley, Nevada County — three to four residences across two APNs, a 16-stall barn with office, a 6-stall mare motel, covered and outdoor arenas, a covered round pen, hot walker, cutting arena, cattle squeeze, irrigated cross-fenced pastures, two ponds, an orchard, and a 4-bay metal shop. At a $3.95M price point this property sits above the Ranch Home Loans loan-amount ceiling and squarely in true Ag-loan territory. We compare what each product can actually fund: standard residential jumbo (functionally unworkable on multi-residence, multi-APN, dual-livestock-operation properties), Ranch Home Loans at its $2M ceiling (a layered piece, not a complete solution), and our in-house true Ag loan options at up to 70% LTV (the primary product on commercial-scale equestrian and cattle operations).
All calculator results are estimates for informational purposes only and do not constitute a loan commitment or guarantee of any specific rate or terms. Actual loan terms will depend on creditworthiness, property type, and market conditions. Lumen Mortgage Corporation · NMLS #1498678 · Licensed in Oregon & California · 920 SW 6th Ave, Suite 1200, Portland, OR 97204.