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Debt-to-income ratio calculator

Enter your gross monthly income and your monthly debt payments. You get your debt-to-income ratio and what's left each month, and you can test a new payment before you commit to it.

Gross monthly incomeBefore tax, for everyone on the loanCurrent monthly debt paymentsMortgage or rent, car, student loans, card minimumsNew payment you're consideringCurrency

Debt-to-income ratio28%

Left after debt payments$3,600.00

The full guideHow to budget: a step-by-step monthly budget that actually lasts

How DTI is calculated

Debt-to-income ratio = total monthly debt payments ÷ gross monthly income. With $5,000 of income before tax and $1,400 of payments, your DTI is 28%.

Lenders usually count rent or mortgage payments, car and student loans, minimum card payments and other loan repayments. Utilities, groceries and insurance are not usually included.

What lenders look for

Lenders set their own limits, and a lower ratio generally gives you more options and better rates. The Consumer Financial Protection Bureau explains how the ratio is used for mortgages, and your lender can tell you the limit it applies.

Lower it

Pay down the balance with the highest interest first, or the smallest first if motivation is the issue: see debt snowball vs avalanche.
Avoid a new monthly payment just before applying for a loan.
Build a budget that frees money for repayments: see how to make a monthly budget.

About this calculator

This is general information, not financial advice. Nothing you type leaves your browser.

Frequently asked questions

Is DTI based on gross or net income?

Usually gross, before tax. Some lenders and countries use net income: in France, for example, the reference is net income.

Does rent count in my DTI?

For a mortgage application, the new housing payment counts. For other loans, lenders may include your current rent.

How can I lower my DTI quickly?

Pay off a small balance completely to remove its monthly payment, and avoid taking on new payments before you apply.

Put it into practice

Say it once. Binome360 keeps the record.

A sentence, a voice note or a receipt photo: the assistant prepares the record in the right space, you confirm. 7 days free.

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