How to Calculate Your Debt-to-Income Ratio

How to Calculate Your Debt-to-Income Ratio

How to Calculate Your Debt-to-Income Ratio at a Glance: Tally all your monthly debt-related payments, including housing. Figure out your gross monthly income. Divide the first number by the second to get your DTI ratio Whether you are trying to finance a major purchase or just want to maintain healthy credit, one area you should focus on—and one that many …