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Calculate your debt to income ratio or what percentage of your monthly income is used to pay fixed monthly costs. Enter your monthly income, monthly rent or mortgage expense, and other monthly expenses. This calculator will then show you your debt to income ratio which is the percentage your monthly income goes to pay monthly debts and expenses. In general, most mortgage lenders do not want your total monthly housing debt ratio or housing expenses (including property taxes, private mortgage insurance (PMI), and association dues) to exceed 28% of your total gross monthly income. And your total debt to income ratio percentage cannot exceed 36% of your total gross monthly income.

Input Fields:
Title A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.

Monthly Income
Gross Monthly Salary/Income Normal monthly income, including taxes, but not including alimony, child support, etc.
Other Monthly Income Other monthly income such as alimony or child support.

Monthly Expenses
Monthly Rent/Mortgage The amount you spend each month for rent or mortgage.
Car Payments The total amount you spend each month for all car payments.
Credit Card Payments The total amount you spend each month for all credit card payments.
Other Loan Payments The total amount you spend each month for all loans (not to include mortgage).
Other Monthly Payments Total of all other monthly obligations you have. (Examples are alimony, child support, legal judgment.)

Output Fields:
Total Monthly Income Total amount of 'Monthly Income' entered.
Total Monthly Expenses Total amount of 'Monthly Expenses' entered.
Housing Debt Ratio The percentage of your monthly income that goes to pay for housing.
Total Debt Ratio The percentage of your monthly income that goes to pay all your debt (including housing).

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All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Mortgage calculator results are based upon conventional program guidelines. Other loan programs are available. Further review by a professional is necessary to obtain exact and complete information and available options for your personal circumstances.
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Updated 04 Jul 2007