Debt-to-Income (DTI) Ratio Calculator
Calculate your debt-to-income ratio to see if you qualify for a mortgage or loan. Your DTI is the percentage of your income that goes toward debt payments — a key factor lenders use to evaluate your creditworthiness.
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Your DTI Ratio
40.5%
Caution
Monthly Income: $6,667 | Monthly Debt: $2,700
Annual Debt Payments: $32,400
DTI Ratio FAQs
What is a good debt-to-income ratio?
Lenders typically prefer a DTI below 36% for mortgage approval (with no more than 28% going to housing). A DTI under 20% is considered excellent, 20-36% is manageable, and above 43% makes it difficult to qualify for most loans.
How is DTI calculated?
DTI = (Total Monthly Debt Payments / Gross Monthly Income) × 100. Include mortgage/rent, car loans, student loans, credit card minimums, and any other recurring debt. Do NOT include utilities, groceries, or discretionary spending.
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