Debt to Income Ratio Calculator
Parameter | Description | Example Value |
---|---|---|
Total Monthly Debt Payments | The total monthly payments made towards all debts. | $2,000 |
Gross Monthly Income | The total monthly income before any deductions. | $6,000 |
Debt to Income Ratio (DTI) | The ratio of total monthly debt payments to gross monthly income (Total Monthly Debt Payments / Gross Monthly Income). | 33% |