Description
DTI Calc helps you instantly calculate your Debt-to-Income ratio - the #1 factor lenders use to approve mortgages.
WHAT IS DTI?
Debt-to-Income (DTI) ratio compares your monthly debt payments to your gross monthly income. Lenders use this number to determine if you can afford a mortgage.
KEY FEATURES:
• Calculate both Front-End and Back-End DTI
• See your mortgage qualification status instantly
• Find out your maximum affordable housing payment
• Simple, clean interface - no account needed
• Works offline - your data stays on your device
DTI GUIDELINES:
• Under 20% = Excellent (Best rates available)
• 20-35% = Good (Strong position)
• 36-43% = Fair (May qualify with conditions)
• Over 43% = Poor (Difficult to qualify)
THE 28/36 RULE:
Lenders typically follow the 28/36 rule:
• Housing costs should be ≤28% of gross income
• Total debts should be ≤36% of gross income
PERFECT FOR:
• First-time home buyers
• Anyone considering a mortgage
• Refinancing your current home
• Financial planning
No sign-up required. No data collected. Just simple, accurate DTI calculations.
Download now and check your mortgage readiness!