Asset Qualification Calculator

It estimates a monthly figure from your counted assets after cash to close, then checks your remaining assets and residual amount against an illustrative lender formula.

It does not calculate a loan amount, quote a rate or make a lending decision. The $500,000 post-closing asset floor is checked separately; it is not deducted before calculating the monthly figure.

Enter the current balances of the accounts you want considered, choosing the account type that most closely describes each one.

The options include cash, investment accounts, retirement accounts and other liquid or restricted assets. Do not assume an “other” option establishes eligibility. Home equity, business value, ownership restrictions and unusual assets need a separate discussion. Avoid entering the same funds twice.

The illustrated formula counts different account types at different percentages.

Checking and savings count at 100%; investments at 80%; retirement accounts at 50% below age 59½ or 80% at age 59½ and above. These are qualification adjustments, not amounts you lose or must withdraw. Other lenders may treat the same accounts differently.

No. This calculator does not include employment, business, rental or retirement income you receive.

It evaluates the asset-based scenario you enter. A lender review can determine whether your income supports a different approach, including asset depletion or a bank statement program. The most suitable approach depends on the actual program and your circumstances.

For a purchase, enter your down payment plus closing costs; for a refinance, enter your closing costs paid from these assets.

Include only money coming from the accounts entered in this calculator. Exclude costs financed into the loan or covered by credits, and include any additional cash your transaction requires. Subtracting this amount estimates the counted assets remaining after closing.

It checks whether at least $500,000 of counted assets remains after cash to close under this illustrated formula.

That amount is a threshold, not another deduction from your assets. Other lenders may use different thresholds or methods. Falling below this figure does not establish what another lender would decide.

Asset depletion estimates qualifying income from assets for use in a lender’s DTI calculation; this asset qualification approach uses different checks.

Here, remaining counted assets are divided over 60 months and tested against an asset floor and a residual requirement, rather than using a traditional debt-to-income (DTI) calculation. Our Asset Depletion Calculator offers 60, 84 or 120 months and a different percentage for retirement accounts under age 59½. It does not separately deduct cash to close or calculate full DTI. Results may differ, so compare the assumptions too.

It checks what remains of the monthly asset-derived figure after your housing payment, other monthly debts and a household allowance.

The illustrated allowance ranges from $2,500 per month for one person to $4,200 for seven or more. Household size changes that allowance. This check does not include your other income and is not a traditional DTI calculation. It describes this formula, not every lender’s approach.

It means the cash-to-close amount entered is larger than the balance this formula counts—not necessarily that you lack the cash.

The calculation reduces some account balances and only includes what you entered. Check the account amounts, the source of your closing funds and any credits. We show the counted-asset deficit separately so it is not mistaken for a lender’s decision.

No. “Met” means your entries meet the checks in the illustrated formula.

Approval depends on the specific lender’s review of your documentation, credit, property and other requirements. Some lenders in our network use this sample formula; others are more conservative or more flexible. Contact us to explore which approach fits.

Whether jointly held assets can count depends on the program, ownership and your documented access to the funds.

Identify who owns each account and any withdrawal or access restrictions. Do not assume an account is eligible solely because you can enter its balance here. We can review the relevant lender’s requirements with your situation in mind.

The calculator’s monthly figure is a qualification estimate, not an instruction to withdraw that amount each month.

Actual requirements for access, distributions, transfers or liquidation depend on the program. Before moving or selling assets based on an estimate, clarify what the lender would require for your accounts.

Start with an account list, current balances, ownership details and your expected transaction costs.

Also note your housing payment, other monthly debts and any income the calculator does not include. Lenders require documentation of the assets being considered; the specific statements and history depend on the program. Use the secure scenario form for financial details, rather than the general contact form.

Lenders may use different account percentages, calculation periods, post-closing asset requirements and residual methods.

This is an example of a formula used by some lenders in our network. A different formula may produce a higher or lower estimate. Our role is to help identify which lender and approach make sense for your profile.

Check the inputs first, then contact us to see whether another lender or formula may fit.

Review cash to close and account types for the asset check; review housing costs, debts and household size for the residual check. Income not included here may be relevant to another approach. You can also compare 60-, 84- and 120-month estimates in the Asset Depletion Calculator.