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.

Definitions

Gross amount paid
Your total gross income from your paycheck.

Your income
Any other regular income you receive, such as rental payments or investment income.

House payment
Monthly payment for your home or apartment. For a home payment, include principal, interest, insurance and property taxes.

Auto payment
Your monthly auto loan payment. This should be for your auto loan only, auto insurance should not be included.

Auto payment 2
Any additional auto, truck or RV payments should be entered here.

Credit card payments
Enter the total of all of your credit card payments. For this calculation, please enter the minimum payments even if you pay off a larger portion of your balance each month.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.