Debt to Income Ratio Calculator


Debt to Income Ratio Calculator is a tool to calculate the DTI ratio using your current income and payments

Debt-to-Income Ratio (%):
What does Debt to Income Ratio mean?
The Debt to Income Ratio or DTI ratio is a valuable number and is as important as the credit score. It's exactly the amount of debt you have as compared to the overall income.
Dividend Payout Ratio = Dividends / Net income for the same period

For example, if a person pays $2,000 a month for a mortgage, $300 for an auto loan and $700 for the rest of the bills, therefore, the total monthly debt equals $3,000.

If the gross monthly income is $7,000, divide it into the debt ($3,000 / 7,000).

According to the formula:-

Debt-to-income ratio is 42.8%