Debt-to-income calculator (DTI calculator) is a tool that helps you calculate your DTI ratio. Your DTI ratio is a measure of how much of your monthly income is spent on debt payments. Lenders use your DTI ratio to assess your ability to repay a loan.
To use a DTI calculator, you will need to provide information about your monthly income and your monthly debt payments. The calculator will then calculate your DTI ratio. A DTI ratio of 36% or less is generally considered to be acceptable by lenders. However, some lenders may be willing to approve loans for borrowers with DTI ratios of up to 50%.