DEBT TO INCOME RATIO CALCULATOR

Monthly Income $8,300.00

Rent/Mortgage $2,000.00
Car Loan $300.00
Credit Card Payments $150.00
Student Loans $0.00 To use the debt-to-income ratio
Personal Loans $150.00 calculator spreadsheet, input your
Medical Debt $0.00 monthly income in cell B4 and debt
Tax Debt $0.00 payments in the appropriate cells to
Payday Loans $0.00 calculate your debt-to-income ratio.
Line of Credit $0.00 Check if it's healthy or not by
Child Support or Alimony $450.00 checking the color of the cell and the
Collection Accounts $0.00 statement in cell C20.
Utilities $350.00
Other Loans $0.00
Retail Credit Card $150.00
Total Monthly Debt $3,550.00
Debt-to-Income Ratio (%) 42.77 Healthy DTI Ratio
 Type of Debt
Rent/Mortgage
Car Loan
Credit Card Payments
Student Loans
Personal Loans
Medical Debt
Tax Debt
Payday Loans
Line of Credit
Child Support or Alimony
Collection Accounts
Utilities
Other Loans
Retail Credit Card
You can add or remove rows accordingly, depending on the types of debt you have. It is important to
include all your debts in order to have an accurate picture of your overall debt-to-income ratio.
 Explanation
Monthly payment made for the housing, whether it is for renting an apartment or
Monthly payment madehouse or for
for a loan a mortgage
taken on a home.
out to purchase a vehicle. This can include
Monthly payment made to pay off the balance on a credit
the principal and interest payments on the card. This can include the
loan.
minimum payment required by the credit card issuer as
tuition, room and board, and other education-related expenses. Thesewell as anycan
additional
be federal
payments made to pay off the balance more
student loans or private student loans. quickly.
Any loans taken out for personal expenses, such as home renovations, vacations, or
weddings.
Any outstanding bills or payments related to medical expenses, such as hospital
stays, doctor visits, or prescription drugs.
Any unpaid taxes owed to the government, including federal, state, or local taxes.
Small, short-term loans that are typically due on the borrower's next payday.
A revolving line of credit that can be used for various expenses, such as home repairs
or emergency expenses.
Any payments made for child support or alimony as a result of a divorce or separation.
Any outstanding debts that have been turned over to a collection agency.
Any unpaid bills for services such as electricity, water, internet, and telephone.
Any other types of loans, such as boat loans, motorcycle loans, or RV loans.
Any credit card debt from retail stores, such as department stores or clothing stores.
or remove rows accordingly, depending on the types of debt you have. It is important to
l your debts in order to have an accurate picture of your overall debt-to-income ratio.