Rental income calculator for mortgage files
Enter Schedule E figures or lease rent with a vacancy factor to see monthly rental income for your review of the loan file.
Runs in your browser. What you type isn't sent or stored.
Calculate rental income
12 for a full year.
Questions
What methods does it support?
Two: Schedule E (rents, expenses and the add-backs you enter) or lease rent with a vacancy or expense factor you set. Each shows a monthly figure.
What vacancy factor should I use?
Use the factor the lender gives you. The calculator doesn't set one.
Is this the Fannie Mae rental income worksheet?
No. StatementReady is not affiliated with or endorsed by Fannie Mae, Freddie Mac, or any lender. Use the lender's form where required.
Can I combine this with other income?
Yes. Add the monthly result to other income in the DTI calculator for your own review.
Not legal or tax advice.
Ready for the real statements?
Upload 12 or 24 months of PDFs. StatementReady checks whether each statement adds up to its printed balances.
This tool assists your review of the loan file. The lender makes all underwriting decisions.