Self-employed income calculator for mortgage files
Enter Schedule C figures and add-backs for two tax years to see a two-year monthly average for your review of the loan file.
Runs in your browser. What you type isn't sent or stored.
Calculate self-employed income
Questions
What inputs does it use?
Net profit and the add-backs you enter (for example depreciation) from Schedule C for each of two tax years. It totals each year and shows the monthly average.
Which add-backs does the lender allow?
Confirm with the lender. The calculator adds only the figures you enter and doesn't decide which items count.
Is this the Fannie Mae calculator?
No. StatementReady is not affiliated with or endorsed by Fannie Mae, Freddie Mac, or any lender.
What if the borrower's tax returns don't show their income well?
Some lenders offer bank statement loans. Try the bank statement income calculator to see monthly income from deposits.
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.