Ohio Mortgage Rate Calculator
function calculateDTI() {
var grossIncome = parseFloat(document.getElementById('grossIncome').value) || 0;
var monthlyRent = parseFloat(document.getElementById('monthlyRent').value) || 0;
var autoLoans = parseFloat(document.getElementById('autoLoans').value) || 0;
var studentLoans = parseFloat(document.getElementById('studentLoans').value) || 0;
var creditCards = parseFloat(document.getElementById('creditCards').value) || 0;
var otherDebts = parseFloat(document.getElementById('otherDebts').value) || 0;
var totalDebt = monthlyRent + autoLoans + studentLoans + creditCards + otherDebts;
var resultWrapper = document.getElementById('resultWrapper');
var dtiOutput = document.getElementById('dtiOutput');
var dtiStatus = document.getElementById('dtiStatus');
var dtiAdvice = document.getElementById('dtiAdvice');
if (grossIncome <= 0) {
alert("Please enter a valid Gross Monthly Income greater than 0.");
return;
}
var dti = (totalDebt / grossIncome) * 100;
resultWrapper.style.display = 'block';
dtiOutput.innerHTML = dti.toFixed(1) + "%";
if (dti <= 35) {
dtiStatus.innerHTML = "Excellent";
dtiStatus.style.color = "#27ae60";
resultWrapper.style.borderColor = "#27ae60";
dtiAdvice.innerHTML = "You are in a great financial position. Lenders typically approve loans easily for DTIs in this range.";
} else if (dti <= 43) {
dtiStatus.innerHTML = "Good";
dtiStatus.style.color = "#f1c40f";
resultWrapper.style.borderColor = "#f1c40f";
dtiAdvice.innerHTML = "This is a manageable ratio. Most mortgage lenders consider 43% the maximum DTI for a standard home loan.";
} else if (dti <= 50) {
dtiStatus.innerHTML = "High Risk";
dtiStatus.style.color = "#e67e22";
resultWrapper.style.borderColor = "#e67e22";
dtiAdvice.innerHTML = "Your debt levels are high relative to your income. You may find it difficult to qualify for new credit cards or loans.";
} else {
dtiStatus.innerHTML = "Critical";
dtiStatus.style.color = "#e74c3c";
resultWrapper.style.borderColor = "#e74c3c";
dtiAdvice.innerHTML = "Over half of your income is committed to debt. Consider debt consolidation or budgeting strategies to lower this ratio.";
}
resultWrapper.scrollIntoView({ behavior: 'smooth', block: 'nearest' });
}