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Debt-to-Income Ratio

Calculates the debt-to-income ratio lenders use to judge affordability.

Interactive inputs coming — use the formula and example below.

Exemple concret

$2,000 debt on $6,000 income is a 33% DTI.

Comment l'utiliser

  • Use the formula below with your own figures.

La formule

DTI = monthly debt ÷ gross monthly income.

Exemple concret

$2,000 debt on $6,000 income is a 33% DTI.

Questions fréquentes

What DTI is good?

Many lenders prefer 36% or lower.

Why does it matter?

High DTI can block loans or raise rates.

Conseils

  • Pay more than the minimum — it changes payoff dramatically.
  • Attack the highest-rate balance first to save the most.
  • Stop adding new charges while you pay debt down.

Termes clés

Minimum payment
The smallest amount due each period.
Utilization
Balances divided by credit limits.
Consolidation
Combining debts into one loan.