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Personal Debt To Income Ratio Calculator

This calculator requires the use of Javascript enabled and capable browsers. This calculator is designed to present a view of your personal financial condition. There are in fact three separate calculators; one for monthly debt, one for annual income and one for the debt to income ratio. One or more entries are required for both debt and income. All are not required, but at least one is. Click on the Calculate button for each section after entry. You can modify either section after calculating; just remember to click on Calculate again after any field changes or additions. When the debt and income are correct, click on the calculate button for Ratio. This is NOT a business debt to income calculator! Financial institutions always evaluate debt to income ratios to get a better grasp on a person's current financial picture to determine credit worthiness. This ratio is one of the most popular approaches for deciding if you have too much debt. Keep in mind that this is an averaged picture. Some months may have more income than others and perhaps more expense than others. This is designed to be an indicator.

  • 38% or less... This is an acceptable debt load to carry for most people. It indicates that you can control your spending in relation to your income. That is one of many factors that lenders examine when evaluating if you are credit worthy.

  • 39% to 45%... This debt range still may seem manageable, but you should start reducing them before they become unmanageable. At this level, credit cards still may be easy to obtain, but acquiring loans may be more difficult.

  • 46% to 52%... Your debt ratio is high and financial difficulties may be forthcoming unless you take immediate action.

  • 53% or more... You are probably in financial hot water. You should find professional help to make plans for drastically reducing your debt before it becomes a real problem.

Required Monthly Debt Data Entry
Housing, Mortgage Or Rent Dollars
Credit Card Payment Totals Dollars
Automobile And Insurance Payments Dollars
All Other Debt Dollars

Calculated Debt Results
Total Debt Dollars
Required Annual Income Data Entry
Salary And Wages Dollars
Additional Work Income Dollars
Other Annual Income Dollars
Structured Income Dollars
Calculated Income Results
Annual Total Income Dollars
Monthly Average Income Dollars
Final Ratio Calculation
Calculated Ratio Results
Debt To Income Ratio
Updated 8.17.11

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