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The share of your monthly income that goes to debt payments.
DTI compares your total monthly debt payments to your gross monthly income. Mortgage lenders rely on it heavily: many prefer a total DTI at or below roughly 43%. A lower DTI signals more room in your budget and improves your odds of loan approval at a good rate.
Someone with $2,000 in monthly debt payments and $6,000 gross income has a 33% DTI.
Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →