Debt To Income Ratio Calculator

This debt-to-income calculator is meant to help you learn and get a general idea of your financial situation. It's not meant to give you exact numbers. The results you get might not match what a bank or lender would calculate. This is because your actual debt-to-income ratio can change based on many things, like where you live, your job, and the types of debts you have. The numbers you see are based on what you put in, but they might not include all the income or debts that a lender would look at. Some lenders might count certain incomes or debts differently. Also, lenders often look at other things besides just your debt-to-income ratio when deciding about loans. Remember, your real financial situation might be different from what this calculator shows. It's always a good idea to talk to a financial advisor or a lender to get more accurate information about your debt-to-income ratio and what it means for your financial goals.

To use the Debt-to-Income (DTI) Ratio Calculator, start by navigating to the page where the calculator is located. Begin by entering your total monthly debt payments, which should include all minimum payments for debts such as mortgage or rent, car loans, student loans, credit card payments, personal loans, medical bills, and any court-ordered payments like child support or alimony. Next, input your gross monthly income before taxes, which includes your salary, wages, bonuses, child support, alimony, pensions, or Social Security. After filling in these fields, click the "Calculate DTI" button.

The calculator will display your DTI ratio as a percentage and provide feedback on how it compares to standard guidelines