# Calculate Income To Debt Ratio

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Use this calculator to compute your personal debt-to-income ratio, a figure as important as your credit score which provides a snapshot of your overall financial health.

To calculate the debt to income ratio, you should take all the monthly payments you make including credit card payments, auto loans, and every other debt including housing expenses and insurance, etc., and then divide this total number by the amount of your gross monthly income.

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To calculate debt to income ratio, start by adding up your monthly costs for housing, transportation, credit cards, medical bills, loan payments, and any other recurring bills to calculate your monthly debt. Next, calculate your gross monthly income, which is the income you make before taxes are taken out of your paycheck.

Learn how to calculate the debt service coverage ratio for a commercial mortgage or apartment loan.

If you’d like to figure out your debt-to-income ratio, simply take your average gross annual income based on your last two tax returns and divide it by 12 (months). So if you made on average \$100,000 gross (before taxes) each year for the past two years, that would equate to \$8,333 per month in income.

Debt to income ratio is the amount of monthly debt payments you have to make compared to your overall monthly income. A lower DTI means that the lender will view a potential borrower more favorably when making an assessment of the probability that they will repay the loan.