Debt to Income (DTI) Calculator

Calculate your debt-to-income ratio effortlessly with our user-friendly Debt to Income Calculator. Gain financial insights and make informed decisions today!

Result Debt to Income 0%

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Debt-to-Income Ratio Formula

The debt-to-income (DTI) ratio is a financial measure used to assess an individual's or household's ability to manage debt payments. It is calculated by dividing the total monthly debt payments by the gross monthly income and multiplying the result by 100 to express it as a percentage.

The formula for calculating the debt-to-income ratio is as follows:

                DTI Ratio = (Total Monthly Debt Payments / Gross Monthly Income) * 100

The lower the DTI ratio, the better, as it indicates a lower proportion of debt compared to income. Lenders often use this ratio to evaluate loan applications and determine an individual's financial health.

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