Debt-to-Income Ratio
Your debt-to-income ratio is the share of your gross monthly income that goes to debt payments. Lenders use it to judge how much more borrowing you can handle. Enter your income and monthly payments to see where you stand.
About these numbers
Divides the monthly debt payments you enter by your gross monthly income. Lenders calculate this ratio with their own rules (for example, which debts and income they count), so their figure may differ. Your ratio is one of several factors lenders consider.
This calculator is a hypothetical illustration for educational purposes only. Results are based on the assumptions you enter and the method described above, may vary with each use and over time, do not reflect any specific investment or the deduction of fees or taxes unless stated, and are not a guarantee of future results. The tool does not consider every investment, account type, or strategy that may be available to you. It is not investment, tax, or legal advice. Investing involves risk, including possible loss of principal. 4:8 Financial does not provide tax or legal advice; please consult your CPA or attorney regarding your specific situation.
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