Debt-to-Income Ratio Calculator
Know your borrowing power.
Debt-to-Income Ratio Calculator
DTI = (monthly debts / gross income) x 100
Calculated instantly
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What This Calculator Does
The Debt-to-Income Ratio Calculator computes the percentage of gross monthly income that goes toward debt payments. Lenders use this ratio to determine mortgage eligibility, with most requiring a DTI below 43%.
How It Works
DTI equals total monthly debt payments divided by gross monthly income, multiplied by 100. Include rent, car loans, student loans, and credit card minimums.
Example
Gross monthly income $6,000, monthly debts $1,800. DTI = 1800/6000 x 100 = 30%. Below the 43% threshold.
Formula
DTI = (debts / income) x 100Reading the Results
DTI Ratio
Below 36% is good, below 43% needed for most mortgages.
Frequently Asked Questions
What is a good DTI ratio?
Below 36% is good. Below 43% is needed for most mortgages.
Does DTI include utilities?
No. DTI only counts debt payments, not utilities or insurance.
How do I lower my DTI?
Pay down debt, increase income, or avoid new debt before applying for a mortgage.