Debt Ratio Calculator: Check Your Financial Health and Loan Eligibility
The Debt Ratio Calculator helps you quickly measure how much of your monthly income is already committed to debt payments. By entering your gross monthly income and all required monthly debts—like mortgages, car loans, student loans, and credit cards—the Debt Ratio Calculator shows your debt-to-income (DTI) ratio, a key number lenders use when deciding whether to approve you for a new loan or mortgage. It’s a simple way to check how comfortably you can handle more borrowing before you apply.
Use the Debt Ratio Calculator regularly as you pay down balances, take on new obligations, or prepare to apply for financing so you always know where you stand. As you adjust income or debt payments, the Debt Ratio Calculator updates your DTI instantly, helping you set clear goals, improve your financial profile, and move toward stronger borrowing power with fewer surprises.
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Important Disclaimer
This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.
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