One calculator. Four ways you earn. One real number.
Every income type below uses a real, formulaic qualifying-income calculation, not a generic estimate. Interest-only jumbo, full doc, foreign national, ITIN, closed-end second, and HELOC scenarios are matched to the right fit on a call instead, since those depend on details a slider can't capture.
This calculator covers the four income types with a real, formulaic qualifying-income calculation: bank statement, 1099, DSCR rental, and asset utilization. MBANC lends in 46 states.
No black box. Here's the actual formula behind each number.
Every tab uses the same underwriting logic I run on a real file, simplified into four sliders.
Bank Statement
Business deposits × ownership % × 50% expense factor, divided by your statement period. Personal accounts typically use deposits at a 100% factor instead.
1099 Income
Annual 1099 income across all payers × 90%, divided by 12 months, to reach a monthly qualifying income figure.
DSCR Rental
Gross monthly rent divided by PITIA (principal, interest, taxes, insurance, and HOA). A DSCR of 1.00 or higher means the rent covers the full payment.
Asset Utilization
Cash at 100%, brokerage at 80%, and retirement accounts at 60 to 70% depending on age, totaled and divided by 84 months.
How this calculator works, answered directly.
What is a non-QM mortgage calculator?+
It's a tool that estimates the loan amount a borrower would qualify for under non-QM underwriting guidelines, which use alternative income documentation instead of the tax returns and pay stubs required for a traditional qualified mortgage.
How is DSCR calculated for a rental property loan?+
DSCR equals gross monthly rent divided by the property's total monthly payment, known as PITIA. A DSCR of 1.00 or higher means the rent fully covers the payment, and program minimums typically start around 0.75 with an LTV adjustment.
How is bank statement loan qualifying income calculated?+
For a business account, qualifying income is average monthly deposits multiplied by your ownership percentage and a 50% expense factor. For a personal account, deposits are typically used at a 100% factor.
How is 1099 income calculated for a mortgage?+
Annual 1099 income across all payers is multiplied by 90% to account for standard deductions, then divided by 12 to get a monthly qualifying income figure.
How does the asset utilization calculator work?+
Eligible assets are totaled using a 100% factor on cash and savings, an 80% factor on brokerage and investment accounts, and a 60 to 70% factor on retirement accounts depending on age, then divided by 84 months to produce a monthly qualifying income figure.
Is this calculator's estimate the same as my actual rate or a Loan Estimate?+
No. This calculator assumes an 8% 30-year fixed rate for illustration only, and your actual rate is set at full underwriting and is often lower than 8%, which can raise your real qualifying number. Results are an estimate, not a Loan Estimate.
Ready to turn this estimate into a real number?
Full doc, bank statement, 1099, DSCR, asset utilization, ITIN, foreign national, and 2nd mortgage programs matched to how you actually earn and invest.
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