Asset depletion calculator: agency worksheet
Estimate a monthly qualifying-income worksheet amount from gross documented assets after applying exclusions and required deductions under a current written rule. The tool separates Fannie Mae, current Freddie Mac non-adopter, Freddie Bulletin 2026-10 adopter, and custom lender methods.
What this calculator does and does not do
The tool performs one transparent arithmetic step: gross documented assets minus entered exclusions and required deductions, divided by the selected number of months. It does not decide which assets are eligible or whether the borrower, property, or transaction meets the rule.
Start with the asset-depletion mortgage guide for the current rule comparison. Then use this worksheet only with the selected lender's current written method.
Why the rule selector matters
Fannie Mae's cited employment-related asset method uses the loan's amortization term. The current Freddie Section 5307.1 non-adopter method uses 240 months. A Freddie seller that early-adopts the complete Bulletin 2026-10 package uses 180 months, and the Bulletin becomes mandatory for mortgages with settlement dates on or after February 3, 2027. A custom non-agency or portfolio method has no safe universal preset.
The calculator locks the two Freddie divisors and requires adoption confirmation. Fannie and custom worksheets permit a user-entered divisor because the amortization term or selected written investor rule supplies it.
Apply every required deduction
Fannie Mae's current rule subtracts an applicable full-distribution penalty and funds used for down payment, closing costs, and required reserves. Freddie's current and Bulletin methods have their own complete deduction and asset tests. The "other required deductions" field exists so the worksheet can reflect pledged, borrowed, encumbered, or other amounts required by the rule being modeled.
Never use the result to represent the same dollars as fully available for closing, reserves, and income when the governing rule requires those amounts to be deducted.
Download the 2026 agency rule-version matrix
Dataset version 2026.1. Source review September 4, 2026. The download contains three source-mapped agency rule versions: current Fannie Mae, current Freddie Mac for non-adopters, and the complete Freddie Mac Bulletin 2026-10 early-adopter package.
This is a rule-version screening aid, not a complete underwriting guide or a calculation of any borrower's actual income. Confirm the current guide, Freddie seller adoption status, lender requirements, and complete documented file before relying on a row.
Licensed under CC BY 4.0.
Primary sources
Reviewed September 4, 2026. These public sources define the cited agency and federal boundaries. The current complete guide, automated underwriting findings, and selected lender requirements control an actual file.
Asset-depletion calculator questions
What does the asset depletion calculator estimate?
It estimates a monthly qualifying-income worksheet amount by subtracting entered exclusions and required deductions from gross documented assets and dividing the result by the selected rule's divisor. It does not determine asset eligibility, loan eligibility, or approval.
What divisor does Fannie Mae use?
The cited Fannie Mae employment-related asset method divides net documented eligible assets by the loan's amortization term in months. The calculator therefore requires the planned amortization term for that method.
Why are there two Freddie Mac choices?
Freddie Mac Bulletin 2026-10 created an early-adoption transition. A seller that has not adopted the complete Bulletin package uses the current Section 5307.1 method, including a 240-month divisor. An adopting seller uses the complete Bulletin package, including a 180-month divisor. Mandatory timing and current adoption must be verified.
Can I count the same assets for closing, reserves, and income?
Not without applying the governing deductions. Enter funds used for down payment, closing costs, and required reserves where the selected rule requires them, and do not represent consumed or encumbered assets as fully available.
Does a calculated amount mean I qualify?
No. Transaction, occupancy, leverage, ownership, access, documentation, asset type, credit, liabilities, automated underwriting findings, lender adoption, and the complete selected guideline still control.
Does this calculator include non-agency asset programs?
Only as a custom written-guideline worksheet. Non-agency methods are investor-specific, so the user must enter the divisor and deductions from the current selected investor guide rather than relying on a universal preset.
Want the real guideline applied?
Send the residential mortgage goal, asset categories, occupancy, transaction type, loan amount, and timing. I will identify the written path before treating a worksheet result as meaningful.