- Fill in Monthly Debt Payments, and Gross Monthly Income. Each control is labeled; you do not need to paste a JSON blob.
- Click "Calculate" to run the tool in your browser.
- Read the result below the form and copy it if you need it in another app.
Debt-to-Income (DTI) Ratio Calculator
The Debt-to-Income (DTI) Ratio Calculator helps you determine your DTI ratio, a key met...
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How to Use This Tool
Learn More About Debt-to-Income (DTI) Ratio Calculator
Understanding Debt-to-Income (DTI) Ratio
The debt-to-income (DTI) ratio is a financial ratio that compares a person's monthly debt payments to their gross monthly income. Lenders use this ratio to measure an individual's ability to manage monthly payments and repay debts.
DTI Ratio Formula
DTI Ratio = (Total Monthly Debt Payments / Gross Monthly Income) * 100
- A lower DTI ratio generally indicates a healthier financial situation.
About
The Debt-to-Income (DTI) Ratio Calculator helps you determine your DTI ratio, a key metric lenders use to assess your ability to manage monthly debt payments. By inputting your total monthly debt payments and gross monthly income, you can calculate your DTI percentage.
Examples
Valid DTI inputs
Monthly debt, monthly income
Input
{
"total_monthly_debt_payments": 2000,
"gross_monthly_income": 6000
}Output
DTI: 33.3% ($2000 / $6000 × 100) Generally acceptable
Another valid DTI input
Monthly debt, monthly income
Input
{
"total_monthly_debt_payments": 1500,
"gross_monthly_income": 5000
}Output
DTI: 30.0% ($1500 / $5000 × 100) Generally acceptable
Use Cases
- Determining your DTI ratio for loan applications
- Assessing your financial health
- Identifying areas to reduce debt
- Planning for future financial goals