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What is the Debt to Income Ratio?

The Debt-to-Income (DTI) ratio calculator measures the percentage of your gross monthly income that goes towards paying debts. Lenders use this to assess your borrowing risk.

How to Use This Calculator

1

Enter your total monthly debt payments (rent/mortgage, loans, credit cards).

2

Input your gross monthly income (before taxes).

3

Click 'Calculate' to see your DTI percentage.

Example Calculation

$1,500 debt payments with $5,000 income

If your monthly debt payments are $1,500 and your gross monthly income is $5,000, your DTI ratio is 30%.

Frequently Asked Questions

Pro Tips

  • Pay down high-interest debt to lower your monthly obligations.
  • Avoid taking on new debt before applying for a mortgage.
  • Increase your income to improve your ratio.