Debt-to-Income Ratio Calculator
Determine your debt-to-income ratio and mortgage affordability
Your Information
Your Ratio
Debt-to-Income Ratio
20%
Status
Good - Healthy debt level
Mortgage Affordability
$400
DTI Guidelines
Most lenders prefer debt-to-income ratios below 43% to approve new loans
Quick Facts
Your DTI is a major factor lenders use when evaluating your creditworthiness
Note
Include all recurring monthly debts: auto loans, credit cards, student loans, and mortgages
How Debt-to-Income Ratio Works
Debt-to-income ratio (DTI) is the percentage of your gross monthly income that goes toward debt payments.
- Calculation: (Total Monthly Debts ÷ Gross Monthly Income) × 100
- Below 36%: Good ratio, lenders are more likely to approve loans
- 36-43%: Acceptable, but higher risk for lenders
- Above 43%: May face difficulty getting approved for new credit
Last updated: February 2026
Debt-to-Income FAQ
What debts are included in DTI?
Include all recurring monthly debt: car payments, credit cards, student loans, mortgage, rent, and any other loans.
How can I improve my DTI?
Pay down existing debts, increase your income, or both. Even small debt payments reduce your ratio.
Is DTI the only factor in loan approval?
No. Lenders also consider credit score, savings, employment history, and down payment size.
Related Calculators
Explore more calculators and converters for related scenarios.
Related Trackers
Keep your progress organized with matching trackers on SimpleTrackers.io.