Self-Employed Bank Statement Mortgage Calculator | Iron Edge Mortgage

Self-Employed Bank Statement Mortgage Calculator

Explore an illustrative income and budget scenario. Actual qualification requires lender review.

Illustrative Monthly Income
$17,500 / mo
Illustrative Loan Amount
$1,026,923
Illustrative Purchase Price (20% down)
$1,283,654
Request a Personal Mortgage Review

How this estimate works

Business mode multiplies average eligible deposits by one minus the selected expense assumption. Personal mode uses entered eligible deposits without an additional deduction. Eligibility, ownership and expense treatment require lender review; transfers and ineligible deposits are not income.

This model assumes 45% debt-to-income, subtracts entered personal debts, and converts the remaining monthly budget at $6.50 per $1,000 of loan amount. Purchase price assumes 20% down. These are illustrative assumptions, not lender guidelines or a quoted rate.

Taxes, insurance, HOA dues, mortgage insurance, closing costs and reserves are not separately included. Real housing costs can materially reduce the supported loan amount. Results are not a maximum approval.

Bank statement loan options · Self-employed mortgage planning

REGULATORY DISCLOSURE & DISCLAIMER: This interactive tool provides general educational estimates for informational purposes only and does not represent a commitment to lend, credit approval, or a formal rate lock agreement. Bank statement mortgage approval is subject to full underwriting analysis, credit evaluation, property appraisal, title clearance, and verification of investor-specific guidelines. Iron Edge Mortgage LLC is a licensed Florida Mortgage Brokerage (License # MBR8609), NMLS # 2831372. Principal Office: 2231 Pineland Ave, Naples, FL 34112. Phone: (239) 385-1104. Equal Housing Opportunity. NMLS Consumer Access Verification.