What is debt-to-income ratio and how do you figure it out?

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Mathematics

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What is debt-to-income ratio and how do you figure it out?

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Sena61id Sena61id · Answer 1

Sena61id Sena61id

To calculate your debt-to-income ratio:

Add up your monthly bills which may include: Monthly rent or house payment. ...

Divide the total by your gross monthly income, which is your income before taxes.

The result is your DTI, which will be in the form of a percentage. The lower the DTI; the less risky you are to lenders.

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