Calculate the debt-to-income ratio (DTI) lenders use to compare recurring monthly debt payments with gross monthly income.
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Use required recurring debt payments and gross income before taxes. Ordinary living expenses are generally excluded, but lender definitions and limits vary.
Debt-to-income ratio formulaDTI = Monthly debt payments ÷ Gross monthly income × 100
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Monthly debt payments of $1,800 and gross monthly income of $6,000 produce a 30% debt-to-income ratio.
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Rates and recurring amounts stay constant for the period represented by the formula.
Inputs use the same monthly or annual time basis stated in each field label.
Taxes, fees and contractual rules are excluded unless the calculator explicitly asks for them.