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Debt-to-income Ratio Calculator

Use this calculator to quickly determine your debt-to-income ratio. This is the percentage of your gross income required to cover your housing and debt payments. The lower your debt-to-income ratio the more manageable your debt load will be. A low debt-to-income ratio increases the odds that you will be able to meet your monthly obligations. This ratio and your credit score are the two most important factors used by creditors when extending loans and credit.

Debt-to-income Ratio Calculator Definitions

Gross income
Your total income from all sources per period. The default period is monthly, but you can select a different time period to match how you receive your income.
House payments
Monthly payment for your home or apartment. For a home payment, include principal, interest, insurance and property taxes.
Other debt payments
Total monthly monthly debt payments. Include all periodic payments other than housing such as credit card payments, child support, car loans, and any other debts.
Debt-to-income ratio
This is the percentage of your gross income that is used to pay your periodic debt payments.