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Debt-to-Income Ratio Calculator
This debt-to-income ratio calculator divides your monthly debt payments by your gross monthly income to show how much of your pay is already committed. It reports your housing ratio, your total DTI, and an assessment band so you know where you stand before applying.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
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How this calculator works
Debt-to-income ratio compares your monthly debt payments with your gross monthly income, which is income before taxes and deductions. Lenders use it to judge whether you can take on another payment, so it matters when you apply for an installment loan or any other credit.
The housing ratio is your housing payment divided by income, and the total DTI adds all other monthly debt payments on top. The calculator places the result in a band: below 36% is comfortable for most lenders, 36 to 43% is acceptable to many, 43 to 50% is tight, and above 50% is where most lenders decline. If income is zero the ratio is undefined and the calculator returns no value.
Use gross income and include recurring obligations such as rent or mortgage, auto loans, student loans, personal loans, and minimum credit card payments. Thresholds vary by lender, so confirm the cutoff with the lender you are applying to.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.