Debt-to-Income Ratio Calculator
Compare total monthly debt payments with gross monthly income.
Formula
DTI = monthly debt payments / gross monthly income × 100%.
Debt-to-income ratio ≈ (2,000)÷(6,000)×100
How to use
- Add all monthly debt payments.
- Enter income before tax and deductions.
- Read the debt-to-income percentage.
Examples
- Monthly debt 2000 and gross income 6000 give DTI 33.33%.
Frequently asked questions
Does this include the outstanding debt balance?
No. Enter monthly payments, not the whole loan balance.
Which DTI qualifies for a loan?
Lenders and products have different limits; this calculator does not approve credit.
Should I use take-home pay?
Use gross income for this definition, with debts and income for the same month.
Sources
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