.dti-calculator-form label { display: block; margin-bottom: 5px; font-weight: 600; color: #333; }
.dti-calculator-form input { width: 100%; padding: 10px; margin-bottom: 15px; border: 1px solid #ccc; border-radius: 4px; box-sizing: border-box; }
.dti-btn { width: 100%; padding: 12px; background-color: #2c3e50; color: white; border: none; border-radius: 4px; cursor: pointer; font-size: 16px; font-weight: bold; transition: background 0.3s; }
.dti-btn:hover { background-color: #34495e; }
.dti-result-box { display: none; margin-top: 20px; padding: 20px; background-color: #ffffff; border-left: 5px solid #2c3e50; box-shadow: 0 2px 5px rgba(0,0,0,0.1); }
.dti-score { font-size: 32px; font-weight: bold; color: #2c3e50; margin-bottom: 10px; }
.dti-status { font-weight: 600; font-size: 18px; margin-bottom: 10px; }
.status-good { color: #27ae60; }
.status-warn { color: #f39c12; }
.status-bad { color: #c0392b; }
.dti-article h2 { color: #2c3e50; margin-top: 30px; font-size: 24px; }
.dti-article p { line-height: 1.6; color: #555; margin-bottom: 15px; }
.dti-article ul { margin-bottom: 15px; color: #555; }
.dti-article li { margin-bottom: 8px; }
@media (max-width: 600px) { .dti-calculator-container { padding: 10px; } }
function calculateDTI() {
// Retrieve inputs
var incomeInput = document.getElementById('dti_gross_income').value;
var housingInput = document.getElementById('dti_housing').value;
var carsInput = document.getElementById('dti_cars').value;
var cardsInput = document.getElementById('dti_cards').value;
var loansInput = document.getElementById('dti_loans').value;
// Parse values, defaulting to 0 if empty
var income = parseFloat(incomeInput) || 0;
var housing = parseFloat(housingInput) || 0;
var cars = parseFloat(carsInput) || 0;
var cards = parseFloat(cardsInput) || 0;
var loans = parseFloat(loansInput) || 0;
// Validation
if (income <= 0) {
alert("Please enter a valid Gross Monthly Income greater than zero.");
return;
}
// Calculation logic
var totalDebt = housing + cars + cards + loans;
var dtiRatio = (totalDebt / income) * 100;
// Formatting result to 2 decimal places
var dtiFinal = dtiRatio.toFixed(2);
// Determine Status
var statusText = "";
var statusClass = "";
var explanation = "";
if (dtiRatio 35 && dtiRatio 43 && dtiRatio <= 50) {
statusText = "Concerning";
statusClass = "status-warn";
explanation = "You may face difficulties getting approved for a Qualified Mortgage. Consider paying down debt.";
} else {
statusText = "High Risk";
statusClass = "status-bad";
explanation = "More than half your income goes to debt. Lenders will likely view this as high risk.";
}
// Display Results
var resultBox = document.getElementById('dti_result');
var scoreDisplay = document.getElementById('dti_score_display');
var statusDisplay = document.getElementById('dti_status_display');
var explainDisplay = document.getElementById('dti_explanation');
scoreDisplay.innerHTML = dtiFinal + "%";
statusDisplay.innerHTML = statusText;
statusDisplay.className = "dti-status " + statusClass;
explainDisplay.innerHTML = explanation;
resultBox.style.display = "block";
}
Debt-to-Income (DTI) Ratio Calculator
Your DTI Ratio
0%
Understanding Your Debt-to-Income Ratio
Your Debt-to-Income (DTI) ratio is one of the most critical metrics lenders use to assess your ability to manage monthly payments and repay debts. Unlike your credit score, which measures your credit history, DTI measures your monthly cash flow leverage.
The Formula: DTI is calculated by dividing your total recurring monthly debt by your gross monthly income (before taxes), expressed as a percentage.
What is a Good DTI Ratio?
- 35% or less: Generally viewed as favorable. You likely have manageable debt relative to your income.
- 36% to 49%: Lenders may be concerned. You might qualify for loans, but potentially at higher interest rates or with stricter conditions. The "43% rule" is a common standard for Qualified Mortgages.
- 50% or more: Considered high risk. With more than half your income going to debt, you have limited flexibility for unexpected expenses, and lenders may decline new credit applications.
How to Lower Your DTI
If your ratio is higher than you'd like, consider two main strategies: reducing your monthly recurring debt (paying off credit cards, refinancing loans) or increasing your gross monthly income (side hustles, asking for a raise). Lowering your DTI can significantly improve your chances of mortgage approval and securing better interest rates.