Debt-to-Income Ratio Calculator
Debt-to-income ratio (DTI) is an important factor when determining your financial standing. It measures how your debt stacks up against your income. Lenders look at DTI to ensure you can repay a loan.
RESULTSQ&A
CALCULATORRESULTSQ&A
Income
Gross Monthly Income
Debts
Rent or Mortgage
Minimum Monthly Credit Card(s) Payment
Minimum Monthly Auto Loan(s) or Lease(s) Payment
Minimum Monthly Student Loan(s) Payment
Minimum Monthly Personal Loan(s) Payment
Minimum Monthly Other Debt Payment
Monthly Alimony Payment
Monthly Child Support Payment
Results
Total Minimum Monthly Debt Payments
$400
Monthly Income
$5,000
Debt-to-Income Ratio
8%
Debt-to-Income Rating
Excellent
Good work! Your debt-to-income ratio (DTI) is 8%, which means you are in a good shape. Keep it up!Tips:
- Increase the amount of your monthly debt payments. Paying more will help you get out of debt faster and save on interest.
- Check if you can reduce the cost of existing debt with a debt consolidation loan or a balance transfer credit card.
Questions & Answers
Most Popular
- Most Popular
- Most Upvotes
Questions sort