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How Is Debt-to-Income Ratio Calculated?

April 26, 2017calculated debt-to-income ratio

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How Is Debt-to-Income Ratio Calculated?

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Your debt-to-income ratio (DTIR) shows whether your gross monthly income adequately covers your monthly debt (recurring financial obligations such as home mortgage, car loans, student loans, etc.). A debt evaluation calculator will show whether your debt ratio is satisfactory or unacceptable to potential lenders. The monthly expenses entered into a DTIR calculator do not include the cost of food, entertainment, gasoline and utilities.