Back to Your Debt to Income Ratio article.

DEBT TO INCOME RATIO CALCULATION

MONTHLY DEBT PAYMENTS

Monthly mortgage payment (include property taxes and insurance) or rent $
Monthly home equity line of credit or loan payment
$
Monthly car payments
$
Monthly revolving credit payments (furniture, appliance loans, etc.) $
Monthly student loan payments
$
Monthly minimum credit card payments times two
$
Other monthly loan amounts
$
Monthly child support payments
$

TOTAL MONTHLY DEBT PAYMENTS

$

MONTHLY INCOME
Monthly net (take-home) pay
$
Annual bonuses and overtime, divided by 12
$
Other annual income, divided by 12
$
TOTAL MONTHLY INCOME
$

DEBT TO INCOME RATIO

Total Monthly Debt Payments Divided by Total Monthly Income = Debt to Income Ratio
%