Your debt-to-income (DTI) ratio and credit history are two important financial health factors lenders consider when determining if they will lend you money.
To calculate your estimated DTI ratio, simply enter your current income and payments. We’ll help you understand what it means for you.
Please note this calculator is for educational purposes only and is not a denial or approval of credit.
When you apply for credit, your lender may calculate your debt-to-income (DTI) ratio based on verified income and debt amounts, and the result may differ from the one shown here.
You do not need to share alimony, child support, or separate maintenance income unless you want it considered when calculating your result.
If you receive income that is nontaxable, it may be upwardly adjusted to account for the nontaxable status.
Debt-to-Income (DTI) ratio
Your DTI ratio compares how much you owe with how much you earn in a given month. It typically includes monthly debt payments such as rent, mortgage, credit cards, car payments, and other debt.
Annual income before taxes
Include any pre-tax and non-taxable income that you want considered in the results.
Total monthly debt payments
Monthly debt payments are any payments you make to pay back a creditor or lender for money you borrowed. Rent is also considered a monthly debt payment.
Other monthly debt payment
Include alimony, child support, or any other payment obligations that qualify as debt.
