Your 12-month plan · week 5
your DTI calculator
DTI means debt-to-income. It compares what you owe each month to what you earn each month. Lenders use it to decide how big a house payment they'll approve.
Step 1
your monthly debt payments
Open the app you use to see your credit. Skip the score. Look at the accounts and type in the minimum monthly payment for each kind of debt.
Leave these out: rent, groceries, utilities, your phone bill, and insurance.
Step 2
your monthly income
Use your pay before taxes come out. That's the bigger number on your pay stub.
Your DTI today
0%
Fill in your numbers above.
The most a lender may approve for a monthly house payment
$0
This is an estimate. It assumes a lender wants your debts plus your house payment at about 43% of your income. Your lender's number may be a little higher or lower.
Write these down in your notes. You'll use them next week.