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Bank Statement Loan Pricing Calculator
Bank statement loans let self-employed borrowers qualify on deposits.
Qualifying income (annual)
$150,000
Non-QM rate
0.09%
Monthly payment
$3,845
How the math works
Qualifying = deposits × (1 − expense factor) × 12. Non-QM rate = QM + premium.
$25k × 50% × 12 = $150k income. 6.5% + 2% = 8.5% rate. $500k at 8.5% = $3,845 monthly payment.
EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.
Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.
Learn more about our review process on the EveryCalc methodology page.
How this calculator works
What this page estimates
This Bank Statement Loan Pricing Calculator is built to give a quick, browser-based estimate for bank statement loan pricing. Bank statement loans let self-employed borrowers qualify on deposits. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.
Calculation approach
The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.
Example workflow
For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.
Practical checks
- Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
- Run a low, base, and high case when the inputs are estimates.
- Check the related calculators below when the next decision depends on a different assumption.
How to interpret the bank statement loan pricing result
Best use
Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.
Cross-check
Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.
Watch for
Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.
This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.
Before relying on this bank statement loan pricing estimate
Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.
Confirm source numbers
Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.
Separate cash flow from total cost
A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.
Run conservative cases
Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.
Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.
How to Use
- Enter avg monthly deposits.
- Enter deposit expense factor %.
- Enter qualifying income calculation.
- Enter loan amount.
- Enter rate premium vs QM %.
- Read qualification + pricing.
Frequently Asked Questions
How do bank statement loans work?
Borrower provides 12 or 24 months of business bank statements. Lender totals gross deposits. Applies expense factor (typically 50% of deposits for service business, 10-30% for product business). Qualifying income = deposits × (1 − expense factor). DTI calculated against qualifying income. Rate: 150-350 bps above QM. LTV: up to 85%.
Typical borrowers?
Self-employed (1099). Small business owners. Real estate investors. Gig workers. Independent contractors. Medical professionals. Creatives. Anyone with non-W-2 income who's profitable but tax-minimized. Lender looks at actual cash flow vs tax return. Tax-aggressive self-employed with $200k W-2 equivalent income often look worse on tax return — bank statement shows truth.
Expense factor logic?
Service business (consulting, legal): 50% expense factor (high labor, low material). Manufacturing/products: 25-40% (materials cost). Real estate: 30-45% (material but high margin). Medical: 40-55% (high overhead). Factor negotiable based on business type. Experienced loan officer crucial — matches you with right lender.
Documentation required?
12-24 months business bank statements. Profit & Loss (CPA-prepared or self-prepared). Business license. 2 years tax returns (self and business). Proof of 2+ years self-employment. Letter from CPA. Property details. Reserves (6-12 months). Down payment source. Bank statement loans require MORE documentation than W-2 loans, not less. But qualify more profiles.
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