P&L Based Mortgage Affordability Tool

Quick Summary

Use a CPA-prepared Profit and Loss (P&L) statement instead of arbitrary expense factors to qualify for a home loan. This tool calculates your exact buying power based on audited net margins.

Calculator

Your Inputs

Annual Gross Revenue ($)

Cost of Goods Sold ($)

Total Operating Expenses ($)

Depreciation & Add-Backs ($)

Your Estimates

Monthly Qualifying Income

$11,667

Max Estimated Loan Amount

$830,607

Assumes a 45% DTI ratio

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Frequently Asked Questions

What are P&L add-backs?

Add-backs are non-cash expenses like depreciation or one-time capital expenditures that lenders allow you to add back to your net income, increasing your qualifying power.

Does my P&L need to be audited?

Most lenders require the P&L to be prepared and signed by a licensed CPA or tax preparer, rather than self-prepared.