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| This
calculator determines the Total Debt to
Income Ratio the lender reviews during the
loan approval process. Your total
long-term debt (including housing costs,
car loans, student loans, alimony or child
support, and balances on credit cards that
will take longer than 10 months to pay
off) should not exceed 36% of your monthly
gross income. |
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Step 1: PITI Payment
Enter the PITI payment from the PITI
Calculator. You may enter different
amounts by clicking in the field and
typing the new numbers.
Step
2: Total Monthly Payments on Long Term
Debt
Enter the amount from the Debt Worksheet.
Step
3: Borrower Monthly Gross Income
Enter the amount from the Income
Worksheet.
Step
4: Co-Borrower Monthly Gross Income
Enter the amount from the Income
Worksheet.
Step
5: Calculate
Click the Calculate button to see the
calculated Total Debt to Income Ratio.
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Disclaimer:
Our mortgage calculators are presented
strictly for illustrative purposes. All
results disclosed by our calculators are
estimates and HomeBuyerFunds.com assumes no
liability or responsibility for
computational errors. HomebuyerFunds.com
makes no guaranty or representation that you
will qualify for any particular loan, loan
amount or loan terms.
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