DTI ratio = (Total Monthly Debt Payments ÷ Gross Monthly Income) × 100. Example: $6,000/month income with $2,100 in debt payments = 35% DTI. Lenders use DTI to assess your ability to handle mortgage payments alongside existing debts.
- Formula: (Monthly Debts ÷ Gross Income) × 100
- Use GROSS income (before taxes)
- Include all recurring debt payments
- Lower DTI = better mortgage approval odds
- DTI is one of the most important mortgage qualification factors
| Gross Income | Monthly Debts | DTI Ratio | Mortgage Qualification |
|---|---|---|---|
| $6,000 | $1,200 | 20% | Excellent |
| $6,000 | $1,800 | 30% | Good |
| $6,000 | $2,400 | 40% | Borderline |
| $6,000 | $3,000 | 50% | Difficult |
DTI measures your monthly "debt burden" - how much of your income goes to debt payments. Lenders want assurance you can afford the new mortgage payment plus existing debts. A lower DTI means more breathing room in your budget and lower risk for the lender.