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Debt-to-Income Ratio

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.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



Financial Calculators from
Dinkytown.net

Financial Calculators ©1998-2020 KJE Computer Solutions, Inc.









KJEFontHeading KJETitleExtra
*indicates required.
Your monthly income
Mortgage and debt
**FIG_GRAPHTITLE** Column Graph: Please view the report to see detailed calculation results in tabular form.
Monthly debt payments of KJE1 leave you with KJE2

Definitions

Gross amount paid

Your total gross income from your paycheck.

Other 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, property taxes and insurance (PITI).

Auto payment

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

Auto two payment

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 payment amounts, even if you pay off a larger portion of your balance each month.


Ciera Bank
1501 Summit Ave
Fort Worth, TX 76102

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.