Calculate your debt-to-income ratio, a figure lenders use to assess how much of your income already goes to debt.
How It Works
How Debt-to-Income Ratio Calculator Works
Total monthly debt payments (loans, credit cards, car payments — not everyday expenses like groceries) are divided by gross monthly income, before taxes, and expressed as a percentage.
FAQ
Frequently Asked Questions
What DTI do mortgage lenders typically look for?
Many lenders prefer a DTI at or below 36%, and most have a hard ceiling somewhere around 43–50% depending on the loan program — but requirements vary by lender and loan type, so check with your specific lender for their exact threshold.
Does rent or mortgage count as debt here?
Yes — housing payments are typically included in DTI calculations alongside loans and credit cards, since it's a required monthly payment just like any other debt obligation.
