Mortgage Debt To Income Ratio Calculator

Introduction: The Mortgage Debt to Income Ratio Calculator is a crucial tool for individuals considering a mortgage. This calculator helps you evaluate your financial health by determining the percentage of your monthly income that goes toward debt payments. Understanding your debt-to-income ratio is essential for lenders and can guide your decision-making process when exploring mortgage options.

Formula: The formula for the Debt to Income Ratio (DTI) is simple. It involves dividing your total monthly debt payments by your gross monthly income and multiplying the result by 100 to express it as a percentage. The DTI ratio is a key factor used by lenders to assess your ability to manage additional debt, such as a mortgage.

How to Use:

  1. Enter your monthly income in the “Monthly Income” field.
  2. Input your total monthly debt payments in the “Monthly Debt Payments” field.
  3. Click the “Calculate” button to obtain your Debt to Income Ratio.

Example: Suppose your monthly income is $5,000, and your monthly debt payments amount to $1,200. The calculated Debt to Income Ratio would be 24%, indicating that 24% of your monthly income is allocated to debt payments.


  1. What is the Debt to Income Ratio (DTI)?
    • The DTI is a percentage that represents the portion of your monthly income used to cover debt payments.
  2. What is a good Debt to Income Ratio for a mortgage?
    • Generally, a DTI ratio below 36% is considered good, but specific lender requirements may vary.
  3. What debts are included in the calculation?
    • Include all monthly debt obligations such as credit card payments, car loans, and student loans.
  4. Why is the Debt to Income Ratio important for mortgage approval?
    • Lenders use the DTI ratio to assess your ability to manage additional mortgage debt and ensure you can comfortably repay the loan.
  5. Can I lower my DTI ratio to qualify for a larger mortgage?
    • Yes, paying down existing debts or increasing your income can help lower your DTI ratio.

Conclusion: The Mortgage Debt to Income Ratio Calculator provides valuable insights into your financial standing. By understanding how much of your income is dedicated to debt payments, you can assess your eligibility for a mortgage and make informed decisions about your financial future. Use this calculator to gain a clearer picture of your financial health before embarking on the mortgage application process.

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