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What is a debt-to-income ratio?

U.S. Consumer Financial Protection Bureau (CFPB)

Claims Supported by This Source

  1. DTI (debt-to-income ratio) is the ratio of your total monthly debt payments divided by your gross monthly income. It is one measure lenders use to assess your ability to repay.
  2. Example: If you have monthly payments of $1500 for a mortgage, $100 for a car loan, and $400 for other debts, totaling $2,000, and your gross monthly income is $6,000, your DTI is 33 percent.

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