Asset Depletion FInancing

1. Name of Borrower:
1/2/2014 Today's Date
5/11/1963 Enter Borrower's Date of Birth
51 Borrower's Age
No Retirement Accounts Eligible if Borrower is ≥ 59.5 years old
$0
$0
$0
$1,000,000 Checking accounts
$0 Savings accounts
$0 Money-market accounts
$0 CDs
$0 Publically Traded Stocks
$0 Bonds
$0 Mutual funds
$0 Trusts
$0 Life Insurance - Cash Value
$0 Other liquid asset
$0 Other liquid asset
$0 Other liquid asset
$0 Other liquid asset
1,000,000$ TOTAL ASSETS
1
If there is a down payment, please enter amount.
-$ TOTAL DOWN PAYMENT
1,000,000$ Total Eligible Assets
- Total of Down Payment
1,000,000$ TOTAL ASSETS ELIGIBLE FOR ASSET DEPLETION
33 Amortization (years) based on Borrower's age
4% Rate of Return
4,556$
Rev. 03/14
4: Calculate Income
Income using Asset Depletion
2: Record Borrower's Assets
Eligible liquid assets - Not eligible: equity in Real Estate, privately held stocks
Enter Description of Asset
Enter Description of Asset
3: Enter Down Payment, if applicable
Enter Description of Asset
Enter Description of Asset
1: Determine Retirement Account Eligibility
NOT ELIGIBLE - Borrower is too young
NOT ELIGIBLE - Borrower is too young
NOT ELIGIBLE - Borrower is too young
NOT ELIGIBLE - Borrower is too young
Determine
Retirement
Accounts
Record
Borrower's
Assets
Enter
Down
Payment
Calculate
Income
ASSET DEPLETION INCOME
CALCULATOR
Purchase
Refinance