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Non-QM · Income Tool

Asset Depletion Calculator

Estimate monthly qualifying income from liquid assets — apply haircuts, subtract cash to close and reserves, then divide by your loan term.

Formula

(Assets × haircuts − down − closing − reserves) ÷ months

Defaults match a common Indiana retiree scenario. Haircuts vary by investor.

Calculate asset depletion income

Eligible assets & haircuts

$
%
$
%
$
%

Typical defaults: cash 100%, brokerage 70–100%, retirement 60–70%.

Cash to close & reserves

$
$
$

Often 6–12 months PITIA

Loan term & other income

Loan term

$

Social Security, pension, W-2, or self-employment already documented

How this calculator works

  1. Multiply each account balance by its usable haircut percentage.
  2. Add usable balances, then subtract down payment, closing costs, and required reserves.
  3. Divide the remaining depletion base by the loan term in months.
  4. Add any other documented monthly income for a total DTI figure.
How income is calculated → Eligible assets →

Want a real underwrite?

Ryan and Steve will run your statements against current Luminate Bank Non-QM haircuts before you make an offer.

Get Pre-Approved Asset Depletion overview
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