Our debt to income ratio calculator will help you quickly assess your situation: attractive to lenders...or a loan repellent.
Simply enter numeric values in the input fields to the right of the descriptions. Click Calculate to see your debt to income ratio (DIR). Click on the Reset button to clear all the fields. Enjoy this free tool!
(You can print out your results from your browser window too!)
Remember, shoot for a ratio of 36% or below when shopping for a mortgage. In general, a 40% DIR is pretty good. Take steps to lower it as needed.
With the way the housing market has been, there's no telling if lenders are looking for even lower ratios.
Keep in mind that there are two strategies to lower this figure: decrease the payments or increase your income. It doesn't hurt to do both!
Thanks for using our FREE calculator.
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