Use this calculator to quickly determine your debt-to-income ratio. This is the percentage of your gross income required to cover your housing and debt payments. The lower your debt-to-income ratio the more manageable your debt load will be. A low debt-to-income ratio increases the odds that you will be able to meet your monthly obligations. This ratio and your credit score are the two most important factors used by creditors when extending loans and credit.
The information provided by these calculators is intended for illustrative purposes only and is not intended to show actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Please be sure to consult a financial professional prior relying on these results.
