LoanCalculator

Bank Statement Mortgage Calculator for 1099

Quick Summary

Bypass standard tax return requirements. This non-QM loan calculator uses 12 to 24 months of your actual business bank deposits to determine your qualifying income, making it ideal for business owners with heavy tax write-offs.

Calculator

Your Inputs

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$
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Your Estimates

Monthly Qualifying Income

$5,450

Max Estimated Loan Amount

$350,751

Assumes a 45% DTI ratio

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Frequently Asked Questions

What is an expense factor?

Lenders apply an expense factor (usually 50%) to your gross deposits to estimate your business expenses. Only the remaining 50% is counted as qualifying income.

Do bank statement loans have higher interest rates?

Yes, because they are Non-Qualified Mortgages (Non-QM), they carry higher risk for lenders and typically feature rates 1% to 2% higher than conventional loans.