Calculate Your Debt-to-Income Ratio

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:

  • Are you borrowing money correctly?
  • Can you afford your monthly payments?
  • Are you using your income wisely?
  • Do you watch your budget and make sure that you are spending your money intelligently, and also saving for emergencies and retirement?
  • Do you use debt to pay for things that you really can’t afford?

Learn how to calculate your debt-to-income ratio and how your DTI is used.

Debt-to-Income Ratio Calculator

 

 

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.


i
Income
Annual Income includes all pre-tax earnings and passive income
$
Monthly Income, Based on Average Annual Earnings
$ 0

ii
Monthly Housing Payments
$
$
Your Average Monthly Housing Debt Payments
$ 0
$
$
$
$
$
Your Average Monthly Housing Debt Payments
$ 0

iii
Monthly Non-Housing Debt Payments
$
$
$
$
$
Your Average Monthly Non-Household Debt Payments
$ 0

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.

0%
Housing (Front-end) DTI
Your Front-end DTI ratio, also called the Housing DTI ratio, shows what percentage of your monthly gross income goes toward your housing expenses. (Remember, not everyday bills and utilities). This includes either your monthly mortgage payment, property taxes, homeowners insurance and homeowners association dues or your rent and renters insurance.
0%
Total (Back-end) DTI
Your Total DTI or Back-end ratio shows what portion of your income is needed to cover all of your monthly debt obligations, plus your mortgage payments and housing expenses. This includes credit card bills, car loans, child support, student loans and any other revolving debt that shows on your credit report.
Remaining Monthly Income
$ 0
0 %
Monthly Housing Payments
$ 0
0 %
Monthly Non-housing Debt Payments
$ 0
0 %
Your Housing DTI is
0 %
Your Total DTI is
0 %
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