Debt-to-Income Ratio Calculator
Calculate your debt-to-income ratio from monthly debt payments and gross monthly income.
How this calculator works
How to use this calculator
Enter your total monthly debt payments and gross monthly income before taxes. The calculator divides debt payments by income to estimate your debt-to-income ratio.
Formula used
Debt-to-Income Ratio = Monthly Debt Payments ÷ Gross Monthly Income × 100.
Example calculation
If monthly debt payments are $1,200 and gross monthly income is $5,000, the debt-to-income ratio is 24.0%.
What the result means
A lower DTI means less of your gross income goes toward debt payments. Lenders may use DTI when reviewing loan applications, but exact requirements vary.
Frequently asked questions
Should I use gross or net income?
Most DTI calculations use gross monthly income before taxes.
What counts as monthly debt?
Common examples include loan payments, credit card minimums, student loans, auto loans, and housing payments.
Is this the only number lenders use?
No. Lenders may also consider credit history, assets, employment, down payment, and other factors.