Credit Score Calculator
This Credit Score Calculator helps you estimate an important financial ratio — your debt-to-income (DTI) ratio — which influences your creditworthiness and loan eligibility.
Debt to Income Ratio Calculator
Debt to Income Ratio Formula
$$\text{Debt to income ratio} = \frac{\text{Recurring monthly debt}}{\text{Gross monthly income}}$$
Where:
- Recurring monthly debt = Total monthly debt obligations (loans, credit card minimums, etc.)
- Gross monthly income = Total pre-tax monthly income
- Debt to income ratio = Percentage representing the portion of income used to cover debts
The Credit Score Calculator focuses on calculating your debt-to-income ratio, a major factor in determining loan approvals and credit health. A lower DTI ratio generally indicates better financial stability and improves your chances of securing loans at favorable terms.