Your debt-to-income ratio compares your monthly debt payments to your gross monthly income. A lower ratio generally indicates that you have more income available to manage new financial obligations.

Enter your monthly income before taxes along with your recurring monthly debt payments, such as mortgage or rent, auto loans, credit cards, student loans, and other required payments.

The calculator estimates your DTI ratio and shows how your current financial obligations compare to your income. You can adjust income or debt amounts to see how paying down debt or increasing income may improve your ratio.

Many lenders use DTI as one factor when reviewing loan applications, although requirements vary by loan type and individual financial circumstances.