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Bank Statement Calculator

This document provides templates for calculating income from bank statements for self-employed borrowers using either 12 months or 24 months of personal or business bank statements. It includes sections for total deposits, excluded deposits, eligible deposits, and averages over recent and past years.

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janyia0515
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
113 views

Bank Statement Calculator

This document provides templates for calculating income from bank statements for self-employed borrowers using either 12 months or 24 months of personal or business bank statements. It includes sections for total deposits, excluded deposits, eligible deposits, and averages over recent and past years.

Uploaded by

janyia0515
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Bank Statement Calculator

12 Month Personal Bank Statement Income Calculation Summary

Self Employed Borrowers Only

To be used in conjunction with personal statements


Comments:

Less Excluded Deposits


Less: Transfers from other
Statement End PERSONAL Accounts
Begin with Most
Date Total Deposits (Deposits from business Total Eligible Deposits NSF / OD
Recent Month (W2
(MM/DD/YY) accounts are permissible and
wages, SS Inc, Rental inc,
expected)
etc)

1 $ -
2 11/99 $ -
3 10/99 $ -
4 09/99 $ -
5 08/99 $ -
6 07/99 $ -
7 06/99 $ -
8 05/99 $ -
9 04/99 $ -
10 03/99 $ -
11 02/99 $ -
12 01/99 $ -
Recent Year
Total $ - 0

Total Deposits $ - 12 Month Average $ -


Qualifying Income $ -

Carrington Mortgage Services, LLC 1 of 7


Proprietary and Confidential
24 Month Personal Bank Statement Income Calculation Summary
Self Employed Borrowers Only
To be used in conjunction with personal statements
Comments:

Less Excluded
Less: Transfers from other Deposits
Statement
PERSONAL Accounts
Begin with Most End Date Total Eligible
Total Deposits (Deposits from business NSF / OD
Recent Month Deposits
accounts are permissible
(MM/DD/YY)
and expected) (W2 wages, SS Inc,
Rental inc, etc)
1 $ -
2 11/99 $ -
3 10/99 $ -
4 09/99 $ -
5 08/99 $ -
6 07/99 $ -
7 06/99 $ -
8 05/99 $ -
9 04/99 $ -
10 03/99 $ -
11 02/99 $ -
12 01/99 $ -
Recent Year
Average $ - 0
13 12/98 $ -
14 11/98 $ -
15 10/98 $ -
16 09/98 $ -
17 08/98 $ -
18 07/98 $ -
19 06/98 $ -
20 05/98 $ -
21 04/98 $ -
22 03/98 $ -
23 02/98 $ -
24 01/98 $ -
Prior Year
Average $ -

Recent Year Recent Year


$ - $ -
Total Deposits 12 Month Average
24 Month
$ - 24 Month Average $ -
Total Deposits

Qualifying Income $ -
(Lesser of Recent Year or 24 Month Average)

Carrington Mortgage Services, LLC 2 of 7


Proprietary and Confidential
Bank Statement Calculator

12 Month BUSINESS Bank Statement Income Calculation Summary


Self Employed Borrowers Only
To be used in conjunction with Business statements
Comments:

Less Excluded Deposits


Statement End Wire Transfers from Other
Begin with Most
Date Total Deposits Accounts must be Total Eligible Deposits NSF / OD
Recent Month (W2
(MM/DD/YY) documented or Excluded
wages, SS Inc,
Rental Inc, etc)

1 $ -
2 11/99 $ -
3 10/99 $ -
4 09/99 $ -
5 08/99 $ -
6 07/99 $ -
7 06/99 $ -
8 05/99 $ -
9 04/99 $ -
10 03/99 $ -
11 02/99 $ -
12 01/99 $ -
Recent Year
Total $ - 0

Total Deposits $0.00 12 Month Average $0.00

Business Ownership
Percentage 100% Business Type Products

Option 1 and Option 2

Option 1 - Default Expense Factor


Net Annual
Expense Factor 60% Income $0.00

Option 1
Qualifying Income $0.00

Option 2 - Actual Expense Factor


Business Expense Statement Net Annual
Percentage % Income

Option 2
Qualifying Income

Carrington Mortgage Services, LLC


3 of 7
Proprietary and Confidential
24 Month Business Bank Statement Income Calculation Summary
Self Employed Borrowers Only
To be used in conjunction with Business Bank Statements

Comments:

Less Excluded
Deposits
Statement End Wire Transfers from Other
Begin with Most
Date Total Deposits Accounts Must be Total Eligible Deposits NSF / OD
Recent Month
(MM/DD/YY) Documented or Excluded (W2
wages, SS Inc, Rental
inc, etc)
1 $ -
2 11/99 $ -
3 10/99 $ -
4 09/99 $ -
5 08/99 $ -
6 07/99 $ -
7 06/99 $ -
8 05/99 $ -
9 04/99 $ -
10 03/99 $ -
11 02/99 $ -
12 01/99 $ -
Recent Year
Total $ - 0

13 12/98 $ -
14 11/98 $ -
15 10/98 $ -
16 09/98 $ -
17 08/98 $ -
18 07/98 $ -
19 06/98 $ -
20 05/98 $ -
21 04/98 $ -
22 03/98 $ -
23 02/98 $ -
24 01/98 $ -

Prior Year $ -
Total

Recent Year $0.00


Recent Year $0.00
Total Deposits 12 Month Average
24 Month $0.00 24 Month Average $0.00
Total Deposits

Carrington Mortgage Services, LLC 4 of 7


Proprietary and Confidential
Business Ownership
100% Business Type Products
Percentage

Option 1 and Option 2

Option 1 - Default Expense Factor


24 Mth Total Income adjusted for
Expense Factor 60% $0.00
% Ownership & Expenses

Option 1 (Using 24-mth


$0.00
Qualifying Income Average)

Option 2 - Actual Expense Factor

Business Expense Statement


Percentage %

Option 2
Qualifying Income

Carrington Mortgage Services, LLC 5 of 7


Proprietary and Confidential
Deposit Tracking
To utilize as a working log of deposits requiring research
Note: This is a standalone worksheet and does not feed back into the bank statement worksheets
Comments:

Deposit Deposit Deposit


Date Amount Description Notes:
Products
Service

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