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  • Debt-to-Income Ratio Calculator: Monthly Take-Home Income Outstanding Monthly Debt Payments

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    Revappa Yedde
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    This document provides a worksheet to calculate a person's debt-to-income ratio. It lists the types of monthly income and debt payments that should be filled in, and provides a calculation key to determine the ratio by dividing total monthly debt payments by total monthly income. A debt-to-income ratio of less than 10% is considered great, 10-20% is good, 20-35% is questionable, and 35% or higher is high risk.

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    debt-to-income-ratio Budget

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    This document provides a worksheet to calculate a person's debt-to-income ratio. It lists the types of monthly income and debt payments that should be filled in, and provides a calculation key to determine the ratio by dividing total monthly debt payments by total monthly income. A debt-to-income ratio of less than 10% is considered great, 10-20% is good, 20-35% is questionable, and 35% or higher is high risk.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    295 views1 page

    Debt-to-Income Ratio Calculator: Monthly Take-Home Income Outstanding Monthly Debt Payments

    Uploaded by

    Revappa Yedde
    This document provides a worksheet to calculate a person's debt-to-income ratio. It lists the types of monthly income and debt payments that should be filled in, and provides a calculation key to determine the ratio by dividing total monthly debt payments by total monthly income. A debt-to-income ratio of less than 10% is considered great, 10-20% is good, 20-35% is questionable, and 35% or higher is high risk.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Debt-to-Income Ratio Calculator

    Use this worksheet to calculate your debt-to-income ratio. Fill in your monthly take home
    income and all your monthly debt payments. Then use the calculation key to determine your
    ratio.

    Monthly Take-Home Income Outstanding Monthly Debt Payments


    You Spouse Total You Spouse Total
    Salary/Wages Credit Card Pmts
    Social Security Student Loans
    Military Pay Car Payments
    Pension/Retirement Recreational Vehicle/
    Income Boat Payments
    Bank and Investment Bank/Credit Union/
    Interest Loan Payments
    Alimony Med/Dental Bills
    Rental Income Computer/Electronic
    Unemployment Bill Payments
    Food Stamps Other Credit Loans
    Royalties or Accounts
    Business Income Other
    Other Other
    Other Total Monthly Pmts
    Total Income

    Calculation Key
    How do you measure up for the creditors?
    Monthly Debt Payment
    Less than 10% Great Shape
    (divided by) / 10 - 20% Good Credit Risk
    Monthly Income 20 - 35% Questionable Risk
    (equals) = 35% and higher High Risk
    Debt-to-Income Ratio

    American Consumer Credit Counseling


    130 Rumford Ave, Suite 202, Auburndale, MA 02466-1371
    1-800-769-3571
    ConsumerCredit.com

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