📊 Debt-to-Income Ratio Calculator
Calculate your debt-to-income (DTI) ratio instantly. Lenders use your DTI to assess loan eligibility — know where you stand before applying for a mortgage or loan.
Monthly Debt Payments
DTI Formula
Use your gross (pre-tax) monthly income. Include all recurring minimum debt payments.
How to Use This Calculator
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1Enter Each Monthly Debt PaymentInclude minimum payments for mortgage/rent, car loans, credit cards, student loans, and any other recurring debts.
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2Enter Your Gross Monthly IncomeUse your pre-tax income. If paid annually, divide by 12.
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3Read Your DTI RatioYour DTI % and category (Excellent, Good, Fair, or Poor) appear instantly.
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4Take ActionIf your DTI is high, consider paying down debt or increasing income before applying for a loan.
Real-World Example
Monthly debts: Mortgage $1,200 + Car $350 + Credit Cards $150 = $1,700. Gross income: $5,500/month.
Frequently Asked Questions
Below 20% is excellent, 20-35% is good, 36-43% is fair (lenders may still approve), and above 43% is poor — most lenders will not approve a qualified mortgage above 43%.
Yes. Your current rent or mortgage payment should be included as part of your monthly debt obligations.
Use your gross (pre-tax) monthly income from all sources — salary, freelance, rental income, etc.
Pay down existing debts (especially high-balance ones), avoid taking on new debt before applying for a loan, or increase your income.
No. Credit utilization is the percentage of revolving credit you're using. DTI compares all monthly debt payments to your income.
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