⚖️Debt-to-Income Ratio Calculator
Your debt-to-income ratio (DTI) is one of the first things lenders check. Enter your income and debts to see your DTI and how lenders are likely to view it.
Last updated: · Reviewed by The CalcWise Team
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How to use this calculator
- Enter your gross monthly income (before tax).
- Add up all your monthly debt payments — loans, cards, car payments — and enter the total.
- Calculate to see your DTI percentage and how it compares to lender limits.
How it works
DTI is your total monthly debt payments divided by your gross monthly income, shown as a percentage. Lenders use it to judge whether you can take on a new loan without overstretching.
A DTI of 36% or below is generally considered healthy; many mortgage lenders cap approvals around 43%. Lowering your DTI — by paying down debt or increasing income — improves both your approval odds and the rates you are offered.
Example: With $6,500 gross monthly income and $1,800 in debt payments, your DTI is about 28% — comfortably within the limits most lenders use.
Frequently asked questions
What is a good debt-to-income ratio?
36% or below is generally seen as good. Below 28% is excellent. Most mortgage lenders prefer total DTI under 43%.
Does rent count in DTI?
Lenders typically count your future housing payment rather than current rent when assessing a mortgage, along with other recurring debts.