Asset Depletion Mortgage Calculator
Asset-rich but low on documented income? Estimate the mortgage you could qualify for by converting your liquid assets into a monthly income stream.
From $4,375/mo of asset-based income over 20 years.
| Total liquid assets | $1,500,000 |
| Eligible assets | $1,050,000 |
| Depletion period | 20 years |
| Max total monthly debt (DTI) | $1,968.75 |
| Max housing payment (P&I) | $1,968.75 |
A ballpark — lenders differ on which assets count and at what percentage (cash is often 100%, retirement and brokerage accounts are discounted), the depletion period used, and reserve requirements. The payment shown is principal and interest only. Not a lending decision.
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How this calculator works
Who this is for
Retirees, early-retirees, and high-net-worth borrowers who have substantial savings but little traditional income. Asset depletion turns a nest egg into qualifying income so you can get a mortgage without a paycheck or tax-return income.
How it works
The lender totals your eligible liquid assets — often discounting stocks and retirement accounts to, say, 70% — then divides by a depletion period (commonly 240 or 360 months) to create a monthly income figure. No assets are actually spent; it's just a formula for qualifying.
That asset income runs through a debt-to-income limit like any other income. After subtracting existing debts, the leftover supports a housing payment, which converts to a maximum loan at the given rate and term.
Caveats
Programs vary a lot: which accounts qualify, the haircut applied to each, the depletion period, minimum reserves, and whether other income can be added on top. Down payment and closing costs typically must come from outside the counted assets. The payment shown excludes taxes and insurance. Treat this as an estimate, not an approval.
Frequently asked questions
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This site is for educational purposes only and does not constitute financial advice.