Your debt-to-income ratio (DTI) is an important measurement for you to track in order to monitor your financial health.
Keeping track of your DTI will help you focus on these key financial health questions:
Learn how to calculate your debt-to-income ratio and how your DTI is used.
Your debt-to-income (DTI) ratio is one of the key indicators of your financial health. How much money are you using each month to service your debt? Along with your credit history, your DTI ratio is used by lenders to help determine if you qualify for a loan.
Start by entering your annual income and your monthly debt payments. Then hit the calculate button and we will provide you with your DTI score and how to use it.
We present to you two different DTI ratios in order to help you understand how you are using your income. In order to use the same terminology as lenders we are using your gross income and not what you take home.