Each asset is counted at its qualifying percentage. The deposit and down payment / closing costs are subtracted, and the remaining assets are divided by 60 months.
Loan
$
Assets
Asset type
Institution
Acct #
Balance (100%)
%
Qualified
Total qualified assets
* Annuities must permit withdrawal without penalty.
** If a distribution plan has begun, the asset account is not eligible for Asset Depletion.
Funds to close & additional income
$
$
$
$
Total monthly income
$0.00
Enter assets to calculate
Required minimum assets
Qualified assets minimum is the lesser of $1MM or 1.25× the loan amount. (Minimum assets may never be less than $250,000.)
Same formulas as SGCP Asset Depletion Calculator (Updates 4.1.26). Asset types and percentages follow the update list noted in that workbook.