Debt-to-Income (DTI) Ratio Calculator
Calculate your Debt-to-Income (DTI) ratio to check mortgage or personal loan approval chances.
How to use this calculator
👉 Fill in the boxes below and your answer appears instantly — no maths needed, we do it all for you! 🎉
In plain English — what does this do?
🏠 You want to buy something big (like a house or car) but you don’t have all the money right now. A bank gives you the money today, and you pay it back little by little every month. This tool tells you ‘how much do I pay each month?’
The Debt-to-Income (DTI) ratio measures what percentage of your monthly gross income goes toward paying off recurring monthly debts (like housing, auto loans, student loans, and credit cards).
Credit cards, auto loans, student loans, etc.
Debt-to-Income (DTI) Ratio 📊
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What is Debt-to-Income (DTI) Ratio Calculator?
The Debt-to-Income (DTI) ratio measures what percentage of your monthly gross income goes toward paying off recurring monthly debts (like housing, auto loans, student loans, and credit cards).
How to use it
- 1️⃣ Enter your monthly gross income (income before taxes).
- 2️⃣ Enter your monthly housing payment (rent or mortgage, including property tax and home insurance).
- 3️⃣ Enter your other monthly debt payments (credit cards minimums, auto loans, student loans, other personal lines).
- 4️⃣ Read your DTI ratio and loan qualification rating.
Formula
💡 See it in action — a real example
❓ Common questions
- What is a good DTI ratio for mortgage approval?
- Lenders typically prefer a DTI ratio below 36%, with no more than 28% of income dedicated to housing costs. However, some loans (like FHA) permit a DTI up to 43-50%.
- Does DTI include everyday utilities or food costs?
- No. DTI only counts official credit lines, loans, and rental/housing obligations. Everyday costs like food, utilities, health insurance, and cell phone bills are excluded.