Use our debt-to-income calculator (DTI Calculator) to help you determine your debt-to-income ratio.
Gross Monthly Incomes
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Monthly Debt Payments
(Use only the minimum amount due every month)
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Input new home payment
Your Debt to Income Ratio (DTI) is
When you put in an mortgage application, lenders evaluate your debt-to-income (DTI) to help determine whether you can afford to take on another payment.
Your DTI ratio and credit history are the two most important financial health factors all lenders consider when determining if they will lend you money.
Your DTI compares how much you owe each month to how much you earn. The lower your debt-to-income ratio is the less risky you are to lenders. The same goes with your credit score, the higher it is the less risky you are to the lenders.
Maximum DTI for VA home loans and FHA Loans will follow the AUS (automated underwriting system) recommendation or Manual Underwriting requirements, as applicable. Usually the highest ratios are 43% - 50%.
Maximum DTI as is determined by AUS. Usually the highest ratios are 43% - 50%.
Usually the max DTI for Jumbo Home Loans is going to be 43%.
Strong compensating factors will also permit the applicants to often exceed ratios on VA FHA and Conventional loans.
Some factors include:
Looking to purchase a home? Use our purchase calculator to estimate your monthly payment including principal, interest, taxes, insurance and HOA dues.
Looking to refinance your existing mortgage? Use our refinance calculator to see if refinancing makes sense for you.
Use our VA Max Mortgage calculators for purchasing or refinancing to calculate your remaining VA Entitlement, also called VA Loan Second-Tier Entitlement, and see if you will need a down payment.
Find out how much you qualify for with No Cost, No Credit Check, and No Obligation!