Debt to Income Calculator

Tally up all your debts to calculate the ratio of your total debt to your total income.

Before you can start down the road to buying your dream home, you should understand what your finances look like in the grand scheme. Lenders view potential buyers’ debt-to-income (DTI) ratio before approval to ensure the individual can afford to take on more debt. This debt-to-income calculator figures out your percentage of debt compared to your income and allows you to know if buying a home is the right move for you currently.

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Estimated home loan eligibility

Your DTI is very good. Having a DTI ratio of 36% or less is considered ideal, and anything under 20% is excellent. Your DTI is good. Having a DTI ratio of 36% or less is considered ideal. Your DTI is OK. It's under the 50% limit, but having a DTI ratio of 36% or less is considered ideal. Paying down debt or increasing your income can help improve your DTI ratio. Your DTI is over the limit. In most cases, 50% is the highest debt-to-income that lenders will allow. Paying down debt or increasing your income can improve your DTI ratio.
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Total monthly debts
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* Please contact your Mortgage Advisor for an official, up-to-date, mortgage interest rate – as well as the latest mortgage information and mortgage advice.

The above calculator is made available to you as an educational tool only, and calculations are based on information provided by you, the user. Any amount calculated is only an estimate.

This is not an advertisement for the above terms, interest rates, or payment amounts. Vintage Mortgage Professionals does not guarantee the applicability of the above terms in regards to your individual circumstances.

Calculations may not take into account certain loan-specific costs, including but not limited to mortgage insurance, mortgage insurance premiums, funding fees, HOA fees, etc.

Debt-to-Income Calculator Help

This DTI calculator is an essential first step in the home-buying process. Learn whether you have a healthy level of debt that won’t hinder you from applying for a new home loan, or use this calculator to discover how much debt you need to repay to achieve an ideal DTI ratio. Enter the following information and the calculator will automatically add your total monthly debt payments and divide them by your gross monthly income for your debt-to-income ratio. Here’s the info you will need to provide for an accurate calculation:

Annual Income

Enter your total annual income before taxes and deductions are taken out. If you do not have a set salary, input a yearly amount based on your average monthly income.

Minimum Credit Card Payment

This is the combined total of all credit card debt you owe. If you pay more than the minimum each month, include only the monthly minimum payment for the calculation.

Car Loan Payments

Include your monthly car loan payments for leased or purchased vehicles. Don’t forget to include a partner or spouse’s car payment if any of your paycheck is used to cover it.

Other Loan Obligations

Include your combined monthly minimum payments for student loans, personal loans, and other loans currently in repayment.

Taking Your Results to the Next Step

If your DTI is already in the green, then congratulations! There is a good chance you are ready to take the next steps to buying a new home. Contact one of Vintage Mortgage Professionals’ advisors today to help you find the right home loan for your unique buying needs.

You have questions, we have answers.

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