DEV Community: StatementReady

PITI Calculator: Monthly Payment With Taxes and Insurance

Brandon Sooknanan — Fri, 06 Nov 2026 21:58:27 +0000

By Brandon Sooknanan, Founder of StatementReady

PITI is principal, interest, taxes and insurance: the monthly principal and interest on the loan plus one twelfth of the annual property tax and homeowners insurance. HOA dues and mortgage insurance can be added when they apply. The PITI calculator shows each part and the total for review of the loan file.

The formula

Total PITI = monthly principal and interest + monthly property tax + monthly homeowners insurance + monthly HOA dues + monthly mortgage insurance, counting only the parts you enter. Principal and interest is standard amortization at the rate and term you enter. Annual tax and insurance amounts are divided by 12. Rounded to the cent. There is no default rate, tax or insurance figure.

Worked example (page numbers only)

$320,000 at a 6.5% rate entered over 30 years: $2,022.62 principal and interest
Property tax $4,800 a year: $400.00 a month
Homeowners insurance $1,500 a year: $125.00 a month
HOA dues $50.00 a month, no mortgage insurance
Total PITI: $2,022.62 + $400.00 + $125.00 + $50.00 = $2,597.62 a month

Round numbers for illustration only; the rate, term, tax and insurance are inputs, not defaults.

What it doesn't do

Estimate only; doesn't look up tax rates, insurance premiums or mortgage insurance
Doesn't model escrow shortages, rate changes or flood and other separate policies unless you add them to the insurance figure
Doesn't make a lending decision
Runs in the browser; what you type isn't sent or stored

Related free tools

Carry the total housing payment into the mortgage DTI calculator. Check loan amount against value with the LTV and CLTV calculator. For interest-only starts, see the interest-only mortgage calculator. For a line of credit, the HELOC payment calculator. All free tools.

When you're ready to work from the real statements, StatementReady checks whether each statement's transactions add up to its printed balances. It assists review of loan files; the lender makes all underwriting decisions.

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

Interest-Only Mortgage Payments: A Worked Example of the Later P&I Payment

Brandon Sooknanan — Fri, 06 Nov 2026 21:57:29 +0000

By Brandon Sooknanan, Founder of StatementReady

Use the page's worked example to review the interest-only payment and the change to principal and interest in a loan file. The interest-only mortgage calculator shows both periods.

Inputs, formulas and outputs

Inputs: loan amount, annual rate (no default), interest-only period in years and amortizing term (years left to repay once interest-only ends; no default).

Monthly interest-only = loan amount × annual rate ÷ 12
Period interest = that payment × interest-only months
Later P&I = standard amortization of the full loan over the entered amortizing term at the same rate (0% divides evenly)
Payment change = later P&I minus interest-only payment

Rounded to the cent.

Worked example (page numbers only)

$400,000 at an entered 7% → $2,333.33/month interest-only
Over an entered 10-year interest-only period → $280,000.00 interest
Then an entered 20 years of amortization → $3,101.20/month P&I, a +$767.87 change

Round numbers for illustration only; the rate and terms are inputs, not defaults. The interest-only period is also an entered input, not a rule or limit.

The transition

The full balance is amortized over the years left to repay at the same entered rate. Do not present the example as a lender offer or payment forecast.

What it doesn't do

Estimate only; holds the entered rate fixed for both periods
Excludes taxes, insurance, mortgage insurance and fees
Does not model rate adjustments, prepayment or a balloon payment
Sets no rate or terms and makes no lending decision
The balance stays unchanged during interest-only unless extra principal is paid
Runs in the browser; what you type isn't sent or stored

Related free tools: HELOC payment calculator (draw period on the balance drawn), cash-out refinance calculator, mortgage DTI calculator, all free tools.

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

Cash on Cash Return: Cash Invested, Debt Service and First-Year Cash Flow

Brandon Sooknanan — Fri, 06 Nov 2026 21:56:32 +0000

By Brandon Sooknanan, Founder of StatementReady

Cash on cash return looks at first-year cash flow after mortgage principal and interest against cash put into the property in a loan file. The cash-on-cash calculator shows the pieces.

Inputs

Purchase price, down payment, closing costs, optional other cash in (such as repairs paid up front); optional loan amount (blank = price minus down payment; 0 = no loan); annual rate (no default), term in years; monthly gross rent, optional vacancy percent (no default), monthly operating expenses excluding mortgage.

Formula and outputs

Annual cash flow = NOI − annual debt service. Debt service = 12 × monthly P&I using standard amortization at the loan amount, rate and term entered. No loan means $0 debt service. Cash invested = down payment + closing costs + other cash. Cash on cash return = annual cash flow ÷ cash invested, as a percent rounded to two decimals. Outputs: return, annual cash flow, annual NOI, annual debt service and cash invested.

Worked example (page numbers only)

Price $400,000; down payment $100,000 + closing costs $10,000 → $110,000 invested
Loan $300,000 at an entered 6% over 30 years → $1,798.65/month, $21,583.80/year
NOI $24,000 from $36,000 rent, 5% vacancy and $10,200 annual expenses → cash flow $2,416.20
$2,416.20 ÷ $110,000 → 2.20%

Round numbers for illustration only; the rate, term and expenses are inputs, not defaults. The 5% vacancy is also an entered input, not a default or rule.

Negative cash flow

Cash flow and return can be negative when debt service exceeds NOI. Do not turn the example into a forecast or return target.

What it doesn't do

First-year cash figure; excludes taxes on income, depreciation, principal paydown and appreciation
Sets no rate, term, vacancy or expense figure
No lending decision
Runs in the browser; what you type isn't sent or stored

Related free tools: cap rate calculator (ignores financing), DSCR calculator, rental income calculator, all free tools.

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

Cap Rate Math: Rent, Operating Expenses and NOI, With a Free Calculator

Brandon Sooknanan — Fri, 06 Nov 2026 21:55:33 +0000

By Brandon Sooknanan, Founder of StatementReady

When you review the cap rate of an investment property in a loan file, keep financing out of operating expenses. The cap rate calculator works from the figures you enter.

Inputs

Property value or price, monthly gross rent, optional vacancy percent (no default; blank or zero skips it), monthly operating expenses. Price or current value/appraisal is the figure you choose.

Formula and outputs

Annual NOI = annual gross rent × (1 − vacancy) − annual operating expenses. Cap rate = NOI ÷ property value as a percent, rounded to two decimals. Outputs: annual NOI and cap rate. Mortgage payments are excluded; financing does not change cap rate.

Worked example (page numbers only)

Rent $3,000/month = $36,000/year
5% vacancy entered removes $1,800 → $34,200
Annual operating expenses $10,200 → NOI $24,000
Value $400,000 → 6.00% cap rate

Round numbers for illustration only; the vacancy and expenses are inputs, not defaults.

Expense context

Taxes, insurance, repairs, management, owner-paid utilities and HOA dues are examples printed on the page; mortgage principal and interest are left out.

What it doesn't do

Does not value the property or say what cap rate a market or lender looks for
Sets no vacancy or expense figure
No lending decision
Runs in the browser; what you type isn't sent or stored

Related free tools: cash-on-cash calculator (adds financing), DSCR calculator, rental income calculator, all free tools.

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

Cash-Out Refinance Math: New Loan, LTV and Payment, With a Free Calculator

Brandon Sooknanan — Fri, 06 Nov 2026 21:54:41 +0000

By Brandon Sooknanan, Founder of StatementReady

On a cash-out refinance loan file, the broker needs the new loan amount, new LTV, new P&I and the cash the borrower receives. The cash-out refinance calculator shows that arithmetic.

The formulas

New loan = current mortgage balance + cash out
New LTV = new loan ÷ current home value (percent, two decimals)
New P&I = standard amortization at the new rate and term (0% divides evenly)
Change = new P&I − current P&I
Cash received = cash out − closing costs (closing costs treated as paid from the cash out, so they reduce cash received rather than raise the loan)

Rounded to the cent.

Inputs, not settings

Home value, current balance, current P&I (or current rate and years left; leave both blank to skip the comparison), cash out, closing costs, new rate (there is no default rate), new term. Every figure is the one you type.

Worked example (page numbers only)

Home value $500,000, current balance $250,000, current P&I $1,500.00
Cash out $100,000 → new loan $350,000; LTV 70.00%
7% entered over 30 years → $2,328.56 a month, +$828.56 vs current
Closing costs $6,000 → cash received $94,000

Round numbers for illustration only; the rate, term and max LTV are inputs, not defaults from any lender.

The max LTV check

The field starts at 80 so the check has a figure to compare; it's your input, it isn't a lender rule. Change it to the figure the lender gives you; it only flags when the new LTV is above what you entered. Lenders and programs may define the value differently; confirm with the lender.

Second liens and the debt side

For CLTV with a second lien, use the LTV and CLTV calculator. New payment feeds the debt side in the mortgage DTI calculator. Income side from the bank statement income calculator. Comparing with a second lien instead: HELOC payment calculator.

What it doesn't do

Estimate only; leaves out taxes, insurance, mortgage insurance, prepaid items, payoffs of other debts and lender credits
Doesn't say what LTV, cash out or rate a lender allows
No lending decision
Runs in the browser; what you type isn't sent or stored

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

HELOC Payment Math: Interest-Only vs Repayment, With a Free Calculator

Brandon Sooknanan — Fri, 06 Nov 2026 21:53:51 +0000

By Brandon Sooknanan, Founder of StatementReady

On a loan file with a HELOC second lien, the broker needs the draw-period interest-only payment and the repayment P&I for the debt side. The HELOC payment calculator shows both.

The formulas

Interest-only (draw) = balance drawn × annual rate ÷ 12
Repayment = standard amortization over the repayment months at the same rate (at 0% the balance is divided evenly by the months)
Total interest during draw = interest-only payment × draw months; balance unchanged

Rounded to the cent.

Inputs, not settings

Balance drawn (or line amount and percent drawn), annual rate, draw period years, repayment period years. There is no default for the rate; the calculator sets no rate and no terms. Confirm figures with the lender.

Worked example (page numbers only)

$50,000 drawn at 8% entered → interest-only $333.33 a month
10-year draw → $40,000.00 interest
20-year repayment → $418.22 a month P&I

Round numbers for illustration only; the rate and terms are not defaults.

Estimate caveats

Holds the entered rate fixed; ignores variable-rate changes, the index and margin, rate caps and fees; doesn't apply a lender's minimum-payment rule or the payment a lender uses to underwrite the line.

Drawn vs full line

Payments run on what's drawn. For combined loan to value with the full line or the drawn balance, use the LTV and CLTV calculator.

What it doesn't do

No lending decision; sets no rate or terms; estimate only
Runs in the browser; what you type isn't sent or stored

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

Asset Depletion Math: Balances to a Monthly Figure, With a Free Calculator

Brandon Sooknanan — Fri, 06 Nov 2026 21:52:58 +0000

By Brandon Sooknanan, Founder of StatementReady

On some loan files the borrower has large balances and little regular income. Asset depletion works from balances; a bank statement loan works from deposits. The asset depletion calculator shows the arithmetic without inventing a lender rule.

The formula

Net assets = each balance × percent counted, added up, minus down payment, closing costs and reserves. Monthly = net assets ÷ months divisor, rounded to the cent.

Percent counted and months divisor come from the lender. The calculator sets no default for either. Confirm both for the loan.

Worked example (page numbers only)

IRA $500,000 at 90% = $450,000
$80,000 + $15,000 + $5,000 = $100,000 to close
$350,000 net; ÷ 360 entered = $972.22

Round numbers for illustration only; 360 is the divisor in that example, not a default.

Sourced quotes

Fannie Mae Selling Guide B3-3.4-06, Employment Related Assets as Qualifying Income (03/04/2026) — quote only the exact text on the tool page; "Qualifying" appears inside that citation title only. Non-QM asset depletion programs set their own rules. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender.

What it doesn't do

No lending decision; doesn't say which assets count
Sets no percent or divisor
Doesn't work out penalties or taxes
Doesn't read statements
Runs in the browser; what you type isn't sent or stored

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

YTD Income to a Monthly Figure: The Math, With a Free Calculator

Brandon Sooknanan — Fri, 06 Nov 2026 21:51:47 +0000

By Brandon Sooknanan, Founder of StatementReady

A loan file with a W-2 or 1099 co-borrower, or a check on whether income is rising or falling, needs a clean monthly figure from year-to-date gross. The YTD income calculator shows that arithmetic.

The formula

YTD monthly = YTD gross ÷ months elapsed, rounded to the cent, half-up.

Counting months elapsed

Through date (June 15 = 5.50)
Pay periods (13 biweekly = 6.00)
Or type months (0.01–12)

Prior years

Prior-year monthly (÷ 12), the change, and averages = totals ÷ (months elapsed + 12 per prior year).

Worked example (page numbers only)

$45,000 / 6.00 = $7,500.00
$84,000 / 12 = $7,000.00, +7.14%
$129,000 / 18 = $7,166.67
$207,000 / 30 = $6,900.00

Round numbers for illustration only.

Sourced quotes

Fannie Mae Selling Guide B3-3.3-01 and B3-3.3-02 (03/04/2026) — quote only the exact text on the tool page when you cite them in review notes. Other lenders and programs may work it out differently. StatementReady isn't affiliated with Fannie Mae.

What it doesn't do

No lending decision; doesn't choose the figure a lender uses
Doesn't split base/bonus/OT/commission
Doesn't read paystubs or W-2s
Runs in the browser; what you type isn't sent or stored

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

LTV, CLTV and HCLTV on a Mortgage Loan File (Free Calculator)

Brandon Sooknanan — Fri, 06 Nov 2026 21:43:58 +0000

By Brandon Sooknanan, Founder of StatementReady

A loan file has an income side and a property side. LTV is the property side: the loan against the value. Lender definitions of value and of which liens count can vary; cite only sources named on the tool page and confirm with the lender for the specific loan.

Formulas

From the LTV and CLTV calculator:

LTV = first mortgage loan amount ÷ property value
CLTV = (first loan + closed-end second lien balances + HELOC drawn balance) ÷ property value
HCLTV uses the full HELOC line in place of the drawn balance

Percents to two decimals, rounded half-up. The calculator sets no limit.

What value is used

Purchase: lower of sales price and appraised value. Refinance: appraised value. The page notes this follows one published convention; check the value the lender uses for the specific loan.

Worked example (page numbers only)

Purchase: sales price $400,000, appraised value $410,000 → value used $400,000
First mortgage $360,000 → LTV 90.00%
HELOC $20,000 drawn → CLTV 95.00%
HELOC full line $40,000 → HCLTV 100.00%
Equity $20,000

Round numbers for illustration only, not a limit.

Rounding note

The calculator shows two decimals, half-up. Fannie Mae Selling Guide B2-1.2-01 says results must be truncated to two decimals, then rounded up to the nearest whole percent. State both; lenders may round differently.

Sourced quotes (Fannie Mae Selling Guide)

B2-1.2-01 (06/01/2022): "Divide the original loan amount by the property value. (The property value is the lower of the sales price or the current appraised value.)"

B2-1.2-02 (12/04/2018): "The CLTV ratio is determined by dividing the sum of the items listed below by the lesser of the sales price or the appraised value of the property."

B2-1.2-03 (02/23/2016): includes "the full amount of any HELOCs (whether or not funds have been drawn)."

Same B2-1.2-01 rounding line: "The result of these calculations must be truncated (shortened) to two decimal places, then rounded up to the nearest whole percent."

What it doesn't do

No lending decision and no LTV/CLTV/HCLTV limit
Does not add financed mortgage insurance or fees to the loan amount (enter the loan amount the lender uses)
Does not look up property values
Runs in the browser; what you type isn't sent or stored

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

DSCR for a Rental Loan File: Rent PITIA, With the Formula Shown

Brandon Sooknanan — Fri, 06 Nov 2026 21:43:03 +0000

By Brandon Sooknanan, Founder of StatementReady

On a DSCR loan file, the property's rent is compared to its housing payment instead of using the borrower's personal income from bank statements. Lender definitions of rent and of what counts in the payment can vary, so treat published matrices as background and the lender's own matrix as the rule for the file you are building.

The formula

DSCR = monthly gross rent ÷ monthly PITIA, rounded to two decimals. If you turn on an optional vacancy or expense factor, rent is first multiplied by (100% − the factor you enter). The free calculator sets no factor and no minimum ratio.

What goes into PITIA

From the DSCR calculator page:

Principal and interest (typed, or from loan amount, rate, and term)
Property tax (monthly)
Homeowners insurance (monthly), plus flood insurance where the property has it
HOA or condo dues (monthly)

Blank fields count as $0. Ask the lender what PITIA includes for the specific loan.

What the calculator shows

DSCR; monthly PITIA; monthly cash flow (rent − PITIA); optional rent needed for a target DSCR (= target × PITIA).

Worked example (page numbers only)

Loan $300,000 at 6% for 30 years → P&I $1,798.65
Property tax $300 + homeowners insurance $100 → PITIA $2,198.65
Monthly rent $2,500 → DSCR 1.14; cash flow $301.35
Target 1.25 → rent needed $2,748.31

Round numbers for illustration only, not a rate quote or a limit.

Sourced definitions (quoted)

Windsor Mortgage DSCR Plus Program matrix (effective 02/24/2026): "Gross Rent/PITIA (P&I), Gross Rent/ITIA (Interest Only)."

EMM Non-QM DSCR Matrix (dated 6/09/2026): DSCR = Gross monthly rental income ÷ Qualifying Payment (PITIA / ITIA) — "Qualifying Payment" appears inside that quotation only.

Background on amortization: CFPB, How do mortgage lenders calculate monthly payments?.

What it doesn't do

No lending decision and no minimum DSCR, vacancy, or rent rule
"Rent needed" is only target × PITIA
No interest-only payment calc (enter that payment as P&I if the lender asks)
Runs in the browser; what you type isn't sent or stored

DSCR vs bank statement loans

A bank statement loan works income from deposits. DSCR looks at rent vs housing payment. The same broker may see both on different properties. Related free tools: bank statement income calculator, mortgage DTI calculator, all free tools.

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.

A Printable Document Checklist for Bank Statement and Non-QM Loan Files

Brandon Sooknanan — Fri, 06 Nov 2026 21:42:08 +0000

By Brandon Sooknanan, Founder of StatementReady

The slowest part of a bank statement loan isn't the math. It's chasing documents: the missing page 4 of 6, the business account nobody mentioned, the large deposit that needs a letter. A clear list sent to the borrower on day one saves a lot of back-and-forth later. We built a free checklist builder for that first conversation. Here's what's on it and how to use it without treating it as the lender's list.

Pick a loan type

The builder has three loan types:

Bank statement loan (personal statements)
Bank statement loan (business statements)
Other non-QM loan file

Choose one and the list updates on the page.

What's on the list

The items the page shows include:

Signed loan application
Government-issued photo ID
Authorization to pull credit
Purchase contract, or current mortgage statement for a refinance
Homeowners insurance contact or quote
Asset statements for the down payment and reserves, as the lender asks
Personal bank statements for the months the lender asks for, every page
Business bank statements, if the lender asks for them alongside personal statements
Proof the borrower owns the business (for example a CPA or tax preparer letter or a business license)
Letters of explanation for large deposits, transfers or NSF items, if the lender asks

Notice how many items say "as the lender asks" or "if the lender asks." That's deliberate. Each lender sets its own list: how many months of statements, whether business statements are needed alongside personal ones, what proof of business ownership works. The checklist gives you a starting point; the lender's conditions decide the final list.

Two details that save time

"Every page." A statement with a missing page, even a blank one, can send a file back for another request. Asking for every page up front, in writing, heads that off.

Letters of explanation, early. If you can already see large deposits, transfers or NSF items on the statements you have, asking about them early is easier than waiting for a condition.

A simple workflow

Before the first call, pick the loan type that matches the file.
Ask the lender (or check its posted conditions) for anything specific: the number of months, which accounts, any form of its own.
Add those lines with Add your own item.
Print or download the list and send it to the borrower with a short note on how to deliver the documents.
As documents arrive, tick them off against the printed list so nothing slips between emails.

The point is one list, agreed with the lender, that the borrower sees once, rather than five separate requests over two weeks.

Add the lender's own items

Lenders and programs differ, so the builder lets you add your own lines, such as a specific form, an extra month or a landlord contact. Then Print it or Download .txt to send with your first email to the borrower.

It runs in your browser, and what you type isn't sent or stored. No account needed.

Is this the official list?

No. It lists documents lenders may request for each loan type, and the page says so: confirm the final list with the lender before you collect documents. StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender.

After the documents arrive

Once the statements are in, the next questions are income and completeness. The free bank statement income calculator gives a monthly figure from deposit totals. StatementReady takes the uploaded PDFs, checks whether each statement's transactions add up to its printed balances, and flags missing months, NSFs and large deposits. It assists your review of the loan file; the lender makes all underwriting decisions.

Try it

Build a list for your next file with the free document checklist.

Not legal or tax advice.

Rental Income on a Mortgage File: Schedule E vs Lease Rent, With the Formula Shown

Brandon Sooknanan — Fri, 06 Nov 2026 21:41:12 +0000

By Brandon Sooknanan, Founder of StatementReady

Rental income can show up on a loan file in several ways: a borrower with a duplex, a landlord buying another unit, a self-employed borrower whose income includes a rental. Before it goes into a debt-to-income ratio, someone has to turn the documents into a monthly figure. The calculator offers two starting points: the Schedule E on the tax return, or a lease. This post walks through the arithmetic for both and shows a free calculator that does the math and leaves the lender's rules to the lender.

Method 1: Schedule E

If the property is on the borrower's tax return, Schedule E gives you rents received and total expenses. Some expenses on that form are non-cash or are paid through the mortgage, and the lender may let you add them back. The calculator has fields for:

Rents received (Schedule E)
Total expenses (Schedule E)
Depreciation
Mortgage interest
One other add-back you enter
Months in service (12 for a full year)

Monthly = (rents received − total expenses + the add-backs you enter) ÷ the months you enter.

Round-number example: rents received $30,000, total expenses $24,000, depreciation $5,000, mortgage interest $7,000, 12 months.

(30,000 − 24,000 + 5,000 + 7,000) ÷ 12 = 18,000 ÷ 12 = $1,500.00 per month

The months field matters when a property was in service for only part of the year. Enter 7 and the same figures are spread over 7 months, not 12. The page also shows the annual figure and the months used, so a reviewer can see the inputs at a glance.

Method 2: Lease rent with a factor

When there's a lease and no tax-return history for the property, switch the mode to Lease rent:

Monthly = lease rent × (100% − the vacancy or expense factor you set) − the monthly payment you enter (if any).

Example: lease rent $2,000 with a 25% factor and no payment entered: 2,000 × 75% = $1,500.00 per month.

The factor field is required and labeled "from the lender." The calculator doesn't set one. Which factor applies and how the property's payment is treated are the lender's calls, so use the factor the lender gives you.

What it deliberately leaves out

No default factor and no list of allowed add-backs. It adds only what you enter.
No decision. It shows a monthly figure, not an approval. The lender makes all underwriting decisions.
Nothing sent. It runs in your browser, and what you type isn't sent or stored.

It also isn't the Fannie Mae rental income worksheet. StatementReady isn't affiliated with or endorsed by Fannie Mae, Freddie Mac or any lender; use the lender's form where required.

Putting it with other income

Rental income is one piece. Add the monthly result to the borrower's other income in the free mortgage DTI calculator to see front-end and back-end ratios for your own review. If the borrower is also self-employed, the self-employed income calculator handles Schedule C, 1099 and expense-factor math the same way: formula shown, nothing decided for you.

Try it

The rental income calculator is free and needs no account. Pick Schedule E or Lease rent, enter the figures, and the formula appears under the result.

For bank statement loan files, StatementReady builds the income worksheet from uploaded statement PDFs and checks whether each statement's transactions add up to its printed balances. It assists your review of the loan file; the lender makes all underwriting decisions.

Not legal or tax advice. StatementReady isn't affiliated with or endorsed by Fannie Mae, Freddie Mac or any lender.