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Debt-to-Income Ratio (DTI)
Risk Assessment
How to Use
How to Use
- Enter your gross monthly income (before taxes).
- Enter your total monthly debt payments (mortgage, auto loans, credit cards, etc.).
- Click the 'Calculate DTI' button.
- View your Debt-to-Income Ratio and risk assessment.
Tips
- The Debt-to-Income Ratio (DTI) is a key metric lenders use to assess your ability to repay loans.
- Generally, a DTI below 36% is considered healthy, while above 43% may affect loan approval.
- All calculations are performed locally in your browser. Your financial data is never uploaded.
About Debt-to-Income Ratio (DTI) Calculator
Calculation Method
The Debt-to-Income Ratio (DTI) is calculated by dividing your total monthly debt payments by your gross monthly income (before taxes). The result is expressed as a percentage. Lenders use this ratio to determine your ability to manage monthly payments and repay debts.
Formula
The DTI is calculated using the following formula:
DTI = (D / I) × 100%
- DTI = Debt-to-Income Ratio
- D = Total Monthly Debt Payments
- I = Gross Monthly Income
