2021 NerdWallet Best-of Awards Winner for Best Student Loan Refinancing Overall
2021 NerdWallet Best-Of Awards Winner

Debt-to-Income Calculator

See your debt-to-income ratio – or DTI – in seconds by quickly entering in your different monthly payments.

Enter Your Income and Loan Information

Annual Pre-tax Income
Please enter your pre-tax personal annual income. If you are self employed, please put your net personal income (with expenses deducted) as reported on your personal tax returns, not your gross income or business income.
Mortgage/Rent Payment
Please enter your monthly rent or your base mortgage payment (without escrow).
Car Payment(s)
Please enter your monthly auto loan payment(s).
Student Loan Payment
Please enter the monthly total of all your student loan payments.
Credit Card Minimum Payment
This is the total of your credit card minimum payments -- not the total amount you actually pay each month, if you pay more than the minimum.
Personal Loan Payment
This is the total payment(s) for any personal loans you may have.
Child Support or Alimony
Please include any child support or alimony payments that you wish to include in the calculation.

Your Debt to Income Ratio (DTI) is:

29% - Very Good

Based on your informaton, your DTI is Excellent for refinancing student loans

Have a strong DTI? You may be a perfect candidate for student loan refinancing to save thousands on interest.

FAQs – Debt-to-Income Calculator

Debt-to-income ratio (or DTI) is a snapshot of how much monthly income goes toward debt. DTI can be calculated by simply adding up monthly debt payments and dividing the total by gross monthly income (pre-tax).

It puts into perspective how much of your money you can contribute to paying off your debts. If this number is too high, it’s an indicator that you are borrowing at a faster pace than you can pay back, which makes for an unfavorable loan candidate for some lenders. Learning how to lower debt-to-income ratio can go a long way in paying down your debt faster. Debt-to-income ratio is important because different types of loans will require this information in order to lend. Some of these may include mortgage loans or vehicle loans.

Two of the most common ways to improve DTI is to either earn more money – either through your career or side income – and pay off your debts faster. The more quickly you pay off your current debt, the faster your DTI will improve with all else being equal.

One way to potentially lower your DTI is by refinancing your student loan debt. When you refinance student loans, you replace your current loans with a new one, usually from a different lender. One of the biggest benefits of refinancing is that it can help you save on interest. If you can qualify for a lower interest rate than what you’re currently paying, you’ll be able to save money as you pay down your debt. Scoring a lower interest rate can also naturally give you a lower monthly payment, which reduces your DTI and improves your chances of getting the loan you want.