Bank statement income calculator
Bank statement loans estimate your monthly income by averaging eligible deposits over 12 or 24 months. For business accounts, lenders then subtract an expense factor. Enter your totals to see an estimate of the income a lender might use.
Read the full guide
Learn how lenders review deposits, which statements to provide and how bank statement loans compare with P&L and 1099 programs in the bank statement loans guide and the self-employed mortgage guide.
Common questions
Which deposits are excluded?
Lenders generally exclude transfers between your own accounts, loan proceeds, refunds, and large deposits that aren't business income unless you can document their source. This calculator lets you subtract those amounts so the estimate reflects eligible deposits.
What expense factor should I use?
Lenders set the expense factor, either as a standard percentage by business type or one supported by a letter from your CPA or tax preparer. The default here is illustrative only. Ask your loan officer which factor applies to your business.
Why do personal and business statements calculate differently?
Business account deposits include money that pays business expenses, so lenders apply an expense factor to estimate what you actually earn. Personal account deposits are usually treated as income already paid to you, so lenders typically average them without that reduction.