We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
Debt-to-income ratio calculator
Calculate the number lenders use to determine your ability to repay.
DTI ratio calculator
Calculate what percentage of your income is allotted to debt.
|Your monthly debt payments|
|Credit card payments||Car loan payments|
|Mortgage payments||Other loan payments|
|Your monthly income|
Fill out the form and click “Calculate” to see your DTI ratio.
Your debt-to-income ratio is %
How to use the DTI ratio calculator
Follow the instructions below to calculate your DTI ratio:
- Enter the total amount you pay toward your credit cards, car loans and mortgages each month.
- Add up your remaining monthly debt payments, such as student loans, and enter the number under Other loan payments.
- Enter your monthly income.
- Click Calculate. To the right of the calculator, you’ll see your DTI ratio and a brief description of what that means to your creditors and lenders.
How to calculate your debt-to-income ratio
The DTI ratio formula doesn’t require fancy math — it’s simply your debt divided by your income.
Here’s how to calculate your debt-to-income ratio by hand:
- Add up all of your monthly payments on existing debts.
- Add up your monthly income before taxes and deductions.
- Divide your total monthly debt repayments by your total monthly income.
- Multiply that number by 100 to get your DTI ratio.
Let’s take a look at two examples:
Anita’s a recent college graduate who wants to apply for a credit card to improve her credit score. She makes $48,000 a year before taxes. Her only debt is student loan repayments. Figuring out her DTI is pretty simple:
|Total monthly debt||$400 student loan repayment|
|Total monthly income||$4,000 salary|
|Debt-to-income ratio||400/4000 = 0.1 or 10%|
Frank wants to apply for a personal loan to help cover the cost of his son’s wedding. He makes $75,000 a year and receives monthly Social Security benefits. He also has a mortgage, car loan and two credit cards that he makes payments on each month. Here’s how Frank calculates his DTI:
|Total monthly debt||$599 mortgage repayment +|
$479 car loan repayment +
$20 minimum credit card payment +
$75 minimum credit card payment =
|Total monthly income||$6,250 salary +|
$500 Social Security =
|Debt-to-income ratio||1173/6750 = 0.1738 or 17.38%|
Are my DTI ratio and credit score related?
While your debt-to-income ratio doesn’t directly affect your credit score, it plays a major role in your overall financial health. Both your DTI ratio and credit score help lenders determine your ability to pay back a loan or credit card. It’s not uncommon to get denied for a credit card or loan — despite having good credit — because your debt-to-income ratio is too high.
Finder’s DTI calculator can help you decide next steps when it comes to applying for a mortgage or debt consolidation loan. And if your debt-to-income ratio is too high, it can also help you determine whether you should pursue other debt relief options first.
Ask an Expert