How the Bank Statement Income Calculator Works

It estimates the qualifying income a bank-statement lender will use by averaging deposits across 12 or 24 months of statements, for self-employed borrowers without traditional pay stubs.

How It Works, Step by Step

The calculator totals your business or personal deposits over the chosen period, applies an expense factor to approximate net income, and divides by the number of months to produce a monthly qualifying income.

Florida's economy is full of self-employed entrepreneurs, gig workers, and seasonal business owners whose tax returns do not reflect their true income. Bank-statement loans are a common solution across the state, letting these borrowers qualify on deposits rather than adjusted gross income.

Want the underlying math? See the bank statement income formula page, or open the calculator to try it with your own figures.