Debt-to-Income Calculator
Calculate your debt-to-income ratio (DTI).
Understanding Debt-to-Income Ratio (DTI)
Your DTI ratio is a personal finance measure that compares your monthly debt payments to your monthly gross income.
Why DTI Matters
- Loan Approval: Lenders use DTI to determine your ability to manage monthly payments and repay debts.
- Interest Rates: A lower DTI can sometimes help you secure better interest rates.
- Financial Health: Tracking your DTI helps you maintain a balance between what you earn and what you owe.