Monthly Debt-to-Income Ratio Calculator
Use the debt-to-income ratio calculator below as a barometer of your current financial situation. It’s a quick way to learn if you earn enough each month to confidently cover the bills. Later, use the Build a Budget tool to see how you can maximize your current earnings.
If your Debt-to-Income Ratio is:
Under 15%-Relax. Continue repaying your debt and recalculate your debt-to-income ratio periodically.
15% – 20%-Caution. See a free credit counseling session now before debt becomes a problem. We’ll give you long-term solutions to budgeting and managing your finances.
Over 20%-Danger! Meet with a credit counselor soon. We’ll help you work out a repayment plan that could save you hundreds of dollars every month and offer you peace of mind.
