Self-Employed Mortgage Income Calculator
Self-Employed Mortgage Income: a planned Super Calculator tool. Covers net profit by year (currency) and depreciation (currency). Stub page. Not published yet.
Self-Employed Mortgage Income Calculator is a planned calculator in the real estate section of Super Calculator, covering affordability and qualification.
What this calculator will compute
Inputs: net profit by year (currency), depreciation (currency), amortization (currency), one-time items (currency), business structure, ownership percentage (%) and months in business.
Outputs: qualifying monthly income (currency), add-back detail (currency), trend adjustment (currency) and maximum supportable payment (currency).
Formula, recorded as scope and not yet verified against a primary source: Qualifying income for a self-employed borrower is derived from tax returns: net profit averaged over the documented period, plus add-backs for depreciation, depletion, amortization and certain non-recurring items, less non-deductible meal adjustments, with a declining-income haircut where the trend is downward.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.