Fault mechanism analysis is one of the methods in fault diagnosis, and the dynamic modeling of rolling bearing faults plays a crucial role in studying fault mechanisms. Existing dynamic fault models only consider the impact of fault size and bearing speed on the impact force, providing an incomplete description of the impact force. In order to more accurately describe the dynamic fault model of impact forces, this paper focuses on the deep groove ball bearing with outer race faults. Factors such as defect deformation, speed, and fault size are considered, and an instantaneous impact force excitation function is proposed. Based on this proposed excitation function, a dynamic model for the outer race fault of deep groove ball bearings is established. Finally, through simulation and experimental comparison, the results indicate that the fault characteristic frequencies and their harmonics of the model in this paper are closer to the actual fault characteristic frequencies, reducing the error by 1 to 2 Hz. Therefore, the model proposed in this paper is more effective and accurate, providing a more precise rolling bearing fault model for the study of fault mechanisms.