Easy Financial Calculators » Mortgage Terms » Debt-to-Income ratio
A debit-to-income ratio, abbreviated as DTI, is the percentage of an individual's monthly gross income that goes toward paying debts. In the United States, conventional financing limits are typically 28/36 for manually underwritten loans. This means 28% of an individual's monthly gross income would be the qualifying limit for housing expense and 36% of an individual's monthly gross income would be the qualifying limit for housing expense plus recurring debt.
See the example below:
Using your own yearly income and recurring debt you have, use our mortgage calculator to help determine what size loan is best for you. A qualified home mortgage consultant or broker can also aid in this process.
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