Debt-to-Income Ratio Calculator
Your debt-to-income ratio (DTI) compares your total monthly debt to your total monthly income.
This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.
How to use this calculator
To estimate your DTI, plug in your gross monthly income and the amount you owe on your debt every month.
When you apply for a loan, most lenders will use your DTI to measure your ability to pay back the money you wish to borrow. Generally speaking, the lower your DTI is, the more likely you'll be approved for a new loan.
Additional DTI Information
What is debt-to-income (DTI) ratio?
Your DTI ratio is a comparison of your monthly debt to your monthly income.
When you apply for a loan, most lenders will use your DTI to measure your ability to pay back the money you wish to borrow. Generally speaking, the lower your DTI is, the more likely you'll be approved for a new loan.
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Why do I need to keep my DTI ratio low?
Many lenders prefer borrowers with a low DTI ratio because it means you’re more likely to be able to afford your monthly mortgage payments.
The lower your ratio of debt to income, the more likely you’ll be to receive a loan. For your best shot at an affordable loan, lenders say your front-end ratio should be 28% or lower and your back-end ratio should be 36% or lower.
What do I do if my debt-to income is too high?
If your DTI is too high, you’ll need to reduce your debt and/or increase your income.
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Disclosures
This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.