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Zillow's debt-to-income calculator takes into account your annual income and monthly debts to determine your debt-to-income ratio (DTI) -- one of the qualifying factors by lenders to determine your eligibility for a mortgage.
Use Zillow's affordability calculator to estimate a comfortable mortgage amount based on your current budget. Enter details about your income, down payment and monthly debts to determine how much to spend on a house.
DTI Calculator. Calculate Your Debt to Income Ratio. Use this to figure your debt to income ratio. A back end debt to income ratio greater than or equal to 40% is generally viewed as an indicator you are a high risk borrower.
Lenders use this metric to determine if you can afford a new debt payment, such as a mortgage, and calculate your interest rate if you qualify for a loan. You’ll have an easier time qualifying...
The debt-to-income ratio (DTI) is your minimum monthly debt divided by your gross monthly income. The lower your DTI, the more you can borrow and the more options you’ll have. 0-36%: Affordable. 37-42%: Stretching. 43% or higher: Aggressive.
Use debt-to-income (DTI) calculator to estimate the probability of getting approved for a mortgage and know DTI limits for conventional, FHA, VA, USDA loans.
Your debt-to-income ratio (DTI) would be 36%, meaning 36% of your pretax income would go toward mortgage and other debts.