Debt-to-Income Ratio Calculator

Not sure if you have too much debt? Here’s one way to tell…

When you apply for a loan, the loan underwriter will check your debt-to-income ratio to make sure you can afford the loan payments. If not, you get rejected. You can use this same calculation to see if you’re overextended with debt. Your debt payments need to be balanced against your income or you’ll get overextended and have trouble balancing your budget.