|
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 |
% |