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

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Quickly assess the health of your current financial condition so you can tell whether or not you are making any real progress.

This debt to income ratio 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 debt to income ratio calculator at least once every two months to recalculate your DTI to make sure you keep moving in the direction of financial freedom.

Calculate Your Debt to Income Ratio
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Instructions:Complete all applicable entries, then click the "Calculate" button.

Please be sure to keep an up-to-date list of all of your monthly income and debt payments so you can have it available each time your return to this calculator.

Finally, do not include any of the following expenses in your entries: entertainment, groceries, utilities, and gasoline.

Mouse over the blue question marks for a further explanation of each entry field. More in-depth explanations can be found in the glossary of terms located beneath the debt to income ratio calculator.

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Monthly Income
Help Your monthly gross income:
Help Spouse's gross monthly income:
Help Other monthly income:
Monthly Recurring Debt
Help Monthly rent or mortgage payment:
Help Monthly 2nd mortgage payment:
Help Total of all monthly car and RV payments:
Help Total of any other consumer loan payments:
Help Total minimum monthly charge card payments:
Help Other monthly payments:
Help Pending monthly loan payments:
Your total monthly income:
Your total monthly debt payments:
Your Debt to Income Ratio (DTI):
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Gross Income: Your total income before taxes and deductions are taken into account. The above 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 tool.

Debt to Income Ratio (DTI): A personal finance measurement often used by lending institutions to determine your ability to repay a loan. Most lenders require a DTI of 36% or less in order to qualify you for a loan. However, DTI is also an invaluable way to track your progress toward achieving financial freedom.

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.

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