Income Debt Ratio Calculator

A debt to income (DTI) ratio is an easy way to measure your financial health. It compares your total monthly debt payments to your monthly income. If your DTI ratio is high, it means you probably spend more income than you should on debt payments.

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Lenders use the debt to income ratio to determine how much debt you can carry. We use the same debt ratio calculator to see how healthy your debt load is. A ratio of 36% or less is considered healthy, above 50% and you should consider talking to a debt expert.

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It is a comparison of your total monthly debt to your total gross monthly income. To calculate the debt to income ratio, you should take all the monthly payments you make including credit card payments, auto loans, and every other debt including housing expenses and insurance, etc., and then divide this total number by the amount of your gross.

Balancing income with payables is an essential component of repayment success, so income to debt ratios that don’t support future fiscal health are cause for denying credit. Use income debt ratio calculator to check-in on your personal repayment threshold, providing the same feedback lenders use to grant credit.

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What is your debt-to-income ratio? Your debt-to-income ratio is a percentage number that lenders calculate and use to help determine if they'll offer you credit.

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The calculators above are a handy tool for quickly figuring things out. A rent-to-income ratio (sometimes referred to as "income to rent ratio") is a criteria set up by the landlord for their rental property. This standard sets a threshold of gross income that must be met in order to be considered for the rental property.

Debt-to-income ratio is what lenders use to determine if you are eligible for a loan. If you have too much debt relative to your income, you won’t get approved for a new loan. For most lenders, the cutoff is around 41%. If you spend more than 41% of your income on debt payments each month, that makes you a high-risk candidate for a loan.