Debt-to-Income Ratio Calculator
Calculate your monthly debt-to-income ratio quickly and easily.
What Is a Debt-to-Income Ratio?
Debt-to-Income Ratio (DTI) is a percentage that compares your monthly debt payments with your gross monthly income. It is commonly used to understand how much of your income goes toward paying debts.
DTI Formula
How to Calculate DTI
Enter your gross monthly income and the total amount you pay toward debts each month. The calculator divides your monthly debt payments by your gross monthly income and converts the result into a percentage.
Example
If your gross monthly income is $5,000 and your monthly debt payments are $1,500:
This means that 30% of your gross monthly income goes toward monthly debt payments.
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Frequently Asked Questions
What does DTI mean?
DTI stands for Debt-to-Income Ratio. It measures monthly debt payments as a percentage of gross monthly income.
How is DTI calculated?
Divide your total monthly debt payments by your gross monthly income and multiply the result by 100.
What is a 30% DTI?
A 30% DTI means that monthly debt payments equal 30% of gross monthly income.
Does this calculator include taxes?
No. The calculator uses gross monthly income, which is income before taxes and other deductions.