Finanzen
Debt-to-Income Calculator
Calculate your Debt-to-Income (DTI) ratio to see if you qualify for a mortgage or personal loan.
Verwendung
- Enter your Gross Monthly Income. This is your income before taxes and deductions.
- Enter the total minimum monthly payments for all your debts (mortgages, cars, student loans, cards). Do not enter the total balances, just the monthly required payment.
- The calculator divides your debt by your income to find your DTI ratio. A DTI below 36% is considered good, while anything over 43% may make it difficult to secure new loans.
Formel
DTI Formula:
DTI = (Total Monthly Debt Payments / Gross Monthly Income) × 100
Important Note: Lenders look at two ratios. The "Front-End Ratio" considers only housing costs (mortgage, insurance, property taxes). This calculator calculates the "Back-End Ratio", which includes all debts.
DTI = (Total Monthly Debt Payments / Gross Monthly Income) × 100
Important Note: Lenders look at two ratios. The "Front-End Ratio" considers only housing costs (mortgage, insurance, property taxes). This calculator calculates the "Back-End Ratio", which includes all debts.
The Debt-to-Income (DTI) Calculator is a critical tool for anyone preparing to buy a home or apply for credit. By measuring your recurring debt against your gross income, it mimics the exact underwriting criteria banks use to approve or deny loans.