Loading…
Loading…
LoanReady
The number lenders look at first — how much of your income is already spoken for by debt payments.
Most conventional lenders prefer a DTI below 36%, and the qualified mortgage (QM) rule caps it at 43%. FHA loans may allow up to 50% with compensating factors. Your DTI directly determines how large a mortgage you can qualify for.
Include all recurring minimum payments: mortgage/rent, car loans, student loans, credit card minimums, child support, and personal loans. Don't include utilities, insurance, groceries, or subscriptions — those reduce your discretionary income but aren't 'debt' in this formula.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenWhat you entered
DTI ratio = monthly debt ÷ gross income × 100
$1,200.00 / $5,000.00 × 100= 24.00%Rating (≤20 Excellent, ≤36 Good, ≤43 Acceptable, >43 High)
24.00%= GoodResult
DTI ratio: 24%
Your debt-to-income ratio is 24% (Good). Lenders generally prefer a DTI below 36% for mortgage approval.