Applying for a Loan with Denver Mortgage Company

Debt-to-Income Ratio Calculator

In addition to your credit history, lenders look at your debt-to-income (DTI) ratio to determine loan eligibility.

What’s a DTI Ratio?

Your debt-to-income (DTI) ratio compares your debt and income as a way to measure whether you can take on new debt, like your mortgage loan. Essentially, by calculating your DTI ratio lenders gain confidence by knowing you’ll be able to pay your mortgage and existing debt.

Calculating your DTI Ratio

Simply enter your monthly gross income (pre-tax) and your monthly debt expenses into the calculator below to find out your DTI ratio.

Your DTI ratio is .
You’re looking great! Your debt is manageable and you likely have money left over after paying your regular debt. Lenders are typically more inclined to let you borrow additional money since it seems you have enough room in your budget to pay additional expenses. Reach out to one of our experts today!

If you already own a home, you may also be eligible to receive lower interest rates and cut down on the length of your loan term! Click here to learn how you can save thousands of dollars in interest or if you're ready to start an emergency cash reserve.
You’re managing your debt, but you may want to consider lowering it. If you’re at the higher end of this range, lenders may ask for compensatory factors. This may include:
  1. Positive credit history
  2. A larger down payment
  3. Documented cash reserves or non-taxable income
At US Mortgages, we have many programs for all types of borrowers. Find out more about the loan programs you can qualify for.
Half or more of your income is currently going towards paying off debt. While US Mortgages offers solutions for borrowers with higher debt on a case-by-case basis, you may want to consider taking some steps to lower your debt so your options aren’t limited.
  1. Pay off some of your existing debt before taking on more. Start by paying down your credit card debt, either with the smallest balance or highest interest rate.
  2. If your student loans are to blame, consider entering an income-based repayment plan.
  3. Work on consolidating your debt.
  4. Make extra payments towards your principal balance.
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