Know Your Numbers Before You Borrow
Use this free Debt-to-Income Ratio Calculator to see if your monthly income can support more debt. Perfect for mortgages, car loans, credit cards, and refinancing decisions.
📊 Debt-to-Income (DTI) Ratio Calculator
🔧 How This Calculator Works
This tool helps you understand your Debt-to-Income Ratio (DTI) — a key metric lenders use to evaluate how much debt you carry compared to your income. It’s one of the most important numbers when applying for a loan, mortgage, or credit card.
📊 What Is DTI?
DTI = (Total Monthly Debt Payments ÷ Gross Monthly Income) × 100
It shows the percentage of your income that goes toward debt payments such as:
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Credit cards
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Car loans
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Student loans
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Mortgage or rent
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Personal loans
💡 What This Calculator Tells You
This calculator helps you instantly see:
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Your exact DTI percentage
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How your DTI compares to common lending guidelines
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Whether your DTI is in a good, caution, or risky range
💼 Why DTI Matters
Lenders use DTI to decide:
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If you can handle more debt
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Whether you qualify for a loan or mortgage
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What interest rate you may receive
A lower DTI means you’re likely to be seen as less risky.
👤 Who This Is For
This calculator is perfect for:
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🏠 Homebuyers preparing for a mortgage
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🚘 Car buyers applying for financing
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💳 Individuals managing credit card debt
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🧾 People planning to consolidate loans
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💼 Freelancers and self-employed wanting to stay financially healthy
⚠️ Disclaimer
This tool is for educational purposes only and is not financial advice. Your personal financial situation may vary. Always consult a licensed financial advisor or loan officer before making important borrowing decisions.
