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Debt to Income Ratio Calculator for Tracking Your Progress to Financial Freedom

Calculator Preferences
Debt to Income Ratio Calculator Sign
Debt to Income Ratio Calculator

This calculator will calculate your Debt to Income Ratio (DTI). Not only do lenders use DTI to determine your ability to replay loans, but your DTI can also be used to track your progress to financial freedom. The results even include a DTI meter giving you a visual depiction of your current financial well being.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Gross Monthly IncomeHousehold Gross Monthly IncomeHousehold Gross Monthly IncomeHousehold Gross Monthly Income

Household Gross Monthly Income section:

Enter your household total gross monthly income in this section.

Gross income is your total income before taxes and deductions are taken into account. The DTI calculator asks for your gross income only because that's the figure lenders use. However, if you are tracking your DTI for purposes other than qualifying for a loan, feel free to enter your Net Income (after taxes and deductions) instead. Just be sure to use the same method each time you return to this calculator.

Your income:Your income:Your monthly gross income:Your monthly gross income:

Your monthly gross income:

Enter your monthly gross (after tax) income, including wages, tips, bonuses, overtime, etc. Enter as a dollar amount, but without the dollar sign or any commas.

Spouse inc:Spouse income:Spouse's gross monthly income:Spouse's gross monthly income:

Spouse's gross monthly income:

Enter the gross (after tax) monthly income earned by your spouse or significant other, if applicable. Include wages, tips, bonuses and overtime pay. Enter as a dollar amount, but without the dollar sign or any commas.

Other:Other income:Other monthly income:Other monthly income:

Other monthly income:

Enter the total of any other regular monthly income you receive. Include child support and alimony if you plan to include it every time you return. Enter as a dollar amount, but without the dollar sign or any commas.

Monthly Debt PaymentsMonthly Reoccurring DebtHousehold Monthly Reoccurring DebtHousehold Monthly Reoccurring Debt Payments

Household Monthly Reoccurring Debt section:

Enter your household total monthly debt payment obligations in this section.

Rent or mtg:Rent or mtg pmt:Monthly rent or mortgage payment:Monthly rent or mortgage payment:

Monthly rent or mortgage payment:

Enter your mortgage payment (including taxes, insurance, and private mortgage insurance) if you own your home. If you rent, enter your monthly rent payment, plus any mandatory monthly renter fees. Enter as a dollar amount, but without the dollar sign or any commas.

2nd mtg pmt:2nd mortgage pmt:Monthly 2nd mortgage payment:Monthly 2nd mortgage payment:

Monthly 2nd mortgage payment:

If you have a second mortgage or home equity loan, enter the monthly payment amount on this line. Enter as a dollar amount, but without the dollar sign or any commas.

Vehicle pmts:Vehicle payments:Monthly car and RV payments:Total of all monthly car and RV payments:

Total of all monthly car and RV payments:

Enter the combined total of monthly vehicle payments, including cars, recreational vehicles, motorcycles, boats, etc. Enter as a dollar amount, but without the dollar sign or any commas.

Loan pmts:Other loan pmts:Total of any other loan payments:Total of any other consumer loan payments:

Total of any other consumer loan payments:

If you have a second mortgage or home equity loan, enter the monthly payment amount on this line. Enter as a dollar amount, but without the dollar sign or any commas.

Min CC pmts:Minimum CC pmts:Total minimum credit card payments:Total minimum monthly charge card payments:

Total minimum monthly charge card payments:

Enter the combined monthly minimum payment for all charge cards, such as Visa, Mastercard, department stores, etc. Enter as a dollar amount, but without the dollar sign or any commas.

Other pmts:Other payments:Other monthly payments:Other monthly payments:

Other monthly payments:

Enter any other monthly payments, such as child support, alimony, etc. Enter as a dollar amount, but without the dollar sign or any commas.

Pending pmts:Pending payments:Pending monthly loan payments:Pending monthly loan payments:

Pending monthly loan payments:

Enter the total of any monthly loan payments that have not yet begun, but will in the near future. Enter as a dollar amount, but without the dollar sign or any commas.

Tot income:Total income:Total monthly household income:Total monthly household income:

Total monthly household income:

This is the total of all incomes entered in the top section of the calculator.

Tot pmts:Total debt pmts:Total monthly debt payments:Total monthly debt payments:

Total monthly household debt payments:

This is the total of all monthly debt payments entered in the middle section of the calculator.

DTI ratio:DTI ratio:Debt to income (DTI) ratio:Debt to income (DTI) ratio:

Debt to income (DTI) ratio:

This is your calculated DTI ratio.

DTI Levels: While DTI levels vary slightly among "financial experts," the following levels are generally accepted.

  • 36% or less: Reported to be a "healthy" debt load to carry for most people. If you suddenly lose your job, then your once "healthy" debt load won't feel so healthy.
  • 37%-40%: Not considered to be in the danger zone, but you definitely want to start working your away from the edge.
  • 41%-49%: Financial problems are likely imminent if you don't take immediate action to reduce your debt payments.
  • 50% or more: Living dangerously. Seek out professional help to start aggressively reducing your debt.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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About

About the Debt to Income Ratio Calculator

This calculator will help you to quickly calculate the all-important vital sign of your financial well-being.

If you're serious about achieving the financial freedom to choose your work based on how much joy and fulfillment it brings you, then you must be continually aware of your debt to income ratio (DTI).

DTI is a financial snapshot often used by lenders to determine the probability that you will be able to repay the money you are looking to borrow. Most lenders require a DTI of 36% or less to qualify you for financing. However, DTI is also an easy and invaluable way to track your progress toward achieving financial freedom.

Simply add up all of your monthly debt payments and divide by your total monthly income. If the DTI is smaller than your last ratio then you're likely moving closer to financial freedom. Larger means you are likely moving further away from it.

Be sure to visit this calculator at least once every two months to recalculate your DTI to make sure you keep moving in the direction of financial freedom.

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Instructions

How to use the Debt to Income Ratio Calculator

Step #1:

Enter your household's current monthly gross incomes.

Step #2:

Enter all applicable monthly debt payment fields.

Step #3:

Tap the "Calculate DTI Ratio" button and scroll down to view the results.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

Glossary

Fields, Terms, and Definitions.

Reset button:

Clicking the "Reset" button will restore the calculator to its default settings.

Pocket Calculator

Calculate any amounts needed to enter into calculator.

 

Data Management

Save and retrieve entries and notes (requires HTML5 compliant web browser).

Calculator Data

Calculator Data:

If you are using the latest version of your web browser software, this feature will allow you to save your calculator entries to your web browser's local storage in between visits. This means the calculator entries can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save data between devices you will need to subscribe to the Ad-Free Member Version.

Save: To save a new set of calculator entries, select "New Data Record" from the dropdown list, enter a nickname for the data record, then click the "Save" button.

Load: To load a previously saved set of calculator entries, simply select the name of the data record from the dropdown list.

Save Changes: To save changes to a set of previously saved calculator entries, be sure the name of the data record is selected, and then click the "Save" button.

Clear: To clear a saved set of entries, be sure the name of the data record is selected, and then click the "Clear" button.

Backup Data
My Notes:
Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

Sorry! The Save functions are bonus features reserved for those who allow ads to display on the page.

If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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