Debt-to-Income Ratio Calculator
The Debt-to-Income Ratio Calculator divides your total monthly debt payments by your gross monthly income — a number mortgage and loan lenders use to assess borrowing risk.
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How This Tool Works
Enter your total monthly debt payments (rent/mortgage, car loans, credit cards, student loans) and your gross monthly income to calculate your DTI ratio.
Formula & Method
DTI (%) = (total monthly debt payments ÷ gross monthly income) × 100.
Example Calculation
Someone with $1,800 in monthly debt payments and $6,000 gross monthly income has a DTI of 30% — generally considered good.
Frequently Asked Questions
What is a good debt-to-income ratio?+
A DTI at or below 36% is generally considered healthy by lenders, with 43% often the maximum for qualifying mortgages.
What counts as debt for this calculation?+
Include all recurring debt obligations: mortgage or rent, car loans, minimum credit card payments, student loans, and other loan payments. Everyday expenses like groceries and utilities are not included.
Does DTI affect my credit score?+
DTI isn't directly part of your credit score, but lenders use it alongside your credit score to evaluate loan and mortgage applications.
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