# Debt to Income Ratio Calculator

**Enter all**** values to calculate:**

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## What is Debt to Income Ratio (DTI)?

In the Loan industry, Debt to Income Ratio (DTI) is the percentage of an individual’s monthly gross income that goes toward paying debts.

Debt to Income Ratio (DTI) include more than just debts; they can include taxes, fees and insurance premiums as well.

Creditors prefer the ratio to be less than 35%.

## Debt to Income Ratio (DTI) calculation formula:

DTI = Debt Payments / Gross Income.

**Example:**

You have a monthly mortgage payment of **$3,000**, auto loan of **$250** and credit card payments of **$400**. Also, your gross monthly income is **$10,000**. What is your debt to income ratio ?

Here,

DTI = $3000 + $250 + $400 / $10000

DTI = 36.5 %