Debt-to-income ratio, or “DTI,” is a financial measurement used by lenders when evaluating a loan application.
DTI is a comparison of a borrower’s monthly debt payments with monthly income. The calculation is simple: total monthly debt divided by total monthly income equals DTI. The lower the DTI, the better.
The DTI calculator below will calculate both common types of DTI: front-end and back-end. See the FAQ below to learn more about these DTI calculations and more.