Calculate what share of income goes to monthly debt payments.
Debt-to-income is total monthly debt payments divided by gross income. Lenders commonly prefer a DTI of 36 percent or lower for a good rate. DTI is a primary factor in mortgage approval, so keeping it low directly widens borrowing options.
Debt to Income
DTI = total debt payments / income x 100
DTI = total debt payments / income x 100 Debt-to-income is total monthly debt payments divided by gross income. Lenders commonly prefer a DTI of 36 percent or lower for a good rate.
DTI is a primary factor in mortgage approval, so keeping it low directly widens borrowing options.
This calculator takes 3 inputs: Monthly income, Housing payment, Other debt payments. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.