Example figures are shown. Replace them with your own.
Enter your income and monthly payments to calculate your ratio.
Percentages show each category's share of total monthly debt.
Use income before taxes and your required monthly payments.
Build My Home Buying PlanThis estimate is for planning, not a loan approval. Lenders verify eligible income and debts, and requirements vary by loan program. Your credit, savings, and other factors also matter. Real Deal Home Team does not provide loans.
Your DTI is your total required monthly debt payments divided by income before taxes, multiplied by 100. The housing-only ratio uses just your housing payment. Annual income is divided by 12.
A lower ratio means less of your gross income is committed to debt. There is no single approval cutoff for every mortgage. Utilities, groceries, childcare, and other living costs are not included in this calculation, but they still affect what you can comfortably afford. Self-employed or variable income may require a lender's adjustments.
If you are preparing to buy a home in Cincinnati or the surrounding communities, use this result alongside our mortgage calculator and home affordability calculator, then talk with Real Deal Home Team about your next step.
Learn more: CFPB: Understanding DTI · Fannie Mae: DTI requirements.
Your debt-to-income ratio, commonly called DTI, is the percentage of your gross monthly income used for required monthly debt payments. Divide total monthly debt payments by gross monthly income, then multiply by 100.
Include the housing payment you expect to keep, vehicle loans or leases, credit card minimums, student and personal loans, and other recurring obligations. Count each debt only once and ask a lender how a specific obligation should be treated.
Utilities, groceries, childcare, transportation, and most everyday living expenses are generally not part of the DTI formula. They still matter when deciding what monthly housing payment feels comfortable.
No. This calculator is a planning tool. Mortgage lenders verify eligible income, debts, credit, assets, and loan-program requirements before making an approval decision.
