1.2 安全安裝
This application serves as a practical tool for individuals aiming to assess their debt affordability relative to their current income. It effectively calculates the debt-to-income ratio, a vital metric in personal finance.
What is a Debt-to-Income Ratio?
The debt-to-income ratio (DTI) represents the proportion of an individual's total monthly expenses to their monthly income. This ratio is critical for lenders as it assists them in evaluating the probability of loan repayment.
For instance, consider a scenario where an individual has monthly obligations amounting to $2,000 for a mortgage, $300 for an auto loan, and $700 for other bills, culminating in total monthly debt of $3,000. If the gross monthly income is $7,000, the DTI is calculated as follows: $3,000 divided by $7,000 yields a ratio of approximately 42.8%.
Typically, lenders prefer a DTI of under 35%, though qualified mortgages may be obtained with a DTI as high as 43%.
According to data from the Federal Reserve Board, the percentage of household debt service payments and financial obligations relative to disposable personal income was reported at 10.1% in the first quarter of 2017, a notable decline from the peak of 18.1% in December 2009.
Calculating this ratio on a monthly basis simplifies its interpretation. For example, if an individual's net pay is $2,000 per month and debt payments total $400 monthly, then their DTI would be 20% ($400 divided by $2,000).
In essence, the DTI represents a percentage of one’s income that is earmarked for servicing debt. A ratio of 40% indicates that 40% of future income is allocated for debt repayments.
Why Debt-to-Income Ratio Matters
While no legal standard mandates a specific DTI for loan approval, there are generally accepted benchmarks, particularly for federal home loans. For instance, guidelines from the Department of Veterans Affairs suggest a maximum DTI of 41% for VA loans and up to 43% for FHA loans. Although approval for such loans with higher ratios is possible, it typically requires compensating factors.
The requirements for conventional loans can vary significantly by lender. While many institutions adhere to the 43% DTI benchmark, some may accommodate ratios as high as 50%, contingent on various factors including income level and existing debt obligations. Larger financial institutions are more inclined to lend to individuals with elevated DTIs if they possess substantial income or have established relationships with the lenders.
It is important to note that empirical evidence indicates higher DTIs correlate with increased risk of payment difficulties among borrowers.
概述
Debt To Income Calculator 是在由Rukshan Marapana開發類別 Business Commercial 軟體。
最新版本是 Debt To Income Calculator 的 1.2 2024/12/25 上釋放。 它最初被添加到我們的資料庫 2024/12/25 上。
Debt To Income Calculator 在下列作業系統上運行: iOS。
使用者 Debt To Income Calculator 3 個 5 星的評分,給了它。
相關產品
Bee Mortgage Calculator
Ready to start your journey towards purchasing a home, but unsure of where to begin? Look no further than Bee, the contactless mortgage assistant.Loan-U-Later
Loan-U-Later Review Loan-U-Later is a user-friendly and efficient software application designed by Justin Hawkwood to help individuals and businesses manage their loans effectively.Looks Nu Car Wash
The Looks Nu Car Wash mobile app serves as a convenient gateway to an efficient car wash experience. Utilizing state-of-the-art technology, their express automatic tunnel wash delivers a thorough clean that revitalizes your …Margin+ (Margin Calculator)
Margin+ is an iOS application designed to streamline your sales process and help you close deals efficiently. It offers a range of key features that make it a valuable tool for sales professionals: Fast margin/markup …評測
![]() |
Avast Free Antivirus
使用 avast 為您的設備提供一流的保護!免費殺毒軟體! |
![]() |
CCleaner
使用 CCleaner 提高電腦性能! |
![]() |
TeamViewer
使用 TeamViewer 輕鬆進行遠端桌面存取 |
![]() |
Ubisoft Connect
Ubisoft Connect:使用 Ubisoft 的官方平台增強您的遊戲體驗 |
![]() |
Google Chrome
快速多功能的 Web 瀏覽器 |
![]() |
Adobe AIR
使用 Adobe AIR 增強您的應用程式開發 |
![]() |
UpdateStar Premium Edition
UpdateStar Premium Edition:管理软件更新的实用工具 UpdateStar Premium Edition 是一种软件管理工具,旨在通过确保您的程序是最新的,帮助您的 PC 保持最佳状态。它可以处理从扫描过时软件到提供个性化推荐,甚至备份您的配置以便在需要时恢复设置的所有事情。仔细查看自动更新功能 : 此功能会自动扫描您的计算机以查找过时的程序,只需单击几下即可帮助您更新它们。无需再寻找每个应用程序的最新版本。软件数据库: UpdateStar … |
![]() |
Microsoft Visual C++ 2015 Redistributable Package
Microsoft Visual C++ 2015 Redistributable Package 是 Microsoft 创建的软件组件。它为用户提供了运行使用 Visual Studio 2015 创建的应用程序所需的运行时组件。此可再发行组件包旨在使开发人员能够更轻松地在系统上部署其应用程序,而不必担心是否已安装所需的运行时组件。该包包括 Microsoft 基础类 (MFC)、Visual C++ CRT 和标准 C++ 等库。如果没有这些库,使用 Visual … |
![]() |
Microsoft Edge
发现增强的 Microsoft Edge 浏览器:您的终极 Web 导航工具 Microsoft Edge 仍然是顶级 Web 浏览器,在速度、安全性和与 Microsoft 生态系统的无缝集成之间实现了最佳平衡。它在 Chromium 引擎上重建,提供令人印象深刻的性能,同时保持时尚和用户友好的界面。 Microsoft Edge 的主要功能和优势 高速性能: 借助基于 Chromium 的引擎,体验快速的网页加载时间,使浏览更流畅、更高效。 增强的安全性:使用 … |
![]() |
Google Chrome
Google Chrome 评论:快速、灵活且安全的网络浏览器 Google Chrome 是领先的网络浏览器之一,以其速度、简单性和丰富的功能集而闻名。Chrome 由 Google 开发,利用 Webkit(及其分支 Blink)等开源技术来提供高性能的 HTML 渲染,确保跨设备的无缝浏览体验。 Chrome 的创新用户界面采用简约设计,将标签页放置在窗口顶部,以最大限度地利用 Web 内容的屏幕空间。集成的多功能框结合了地址和搜索功能,可智能区分 URL … |
![]() |
Microsoft Visual C++ 2010 Redistributable
评论:Microsoft Visual C++ 2010 Redistributable by Microsoft Microsoft Visual C++ 2010 Redistributable 是由 Microsoft 开发的软件应用程序,它为使用 Microsoft Visual C++ 2010 构建的程序提供运行时组件。在未安装 Visual C++ 2010 的计算机上运行使用此版本的 Visual … |
![]() |
Microsoft Update Health Tools
Microsoft Update Health Tools 是由 Microsoft Corporation 开发的软件应用程序,可帮助用户解决和修复与设备上的 Windows Update 相关的问题。作为 Microsoft 对改善 Windows 更新体验的持续承诺的一部分,更新运行状况工具旨在简化诊断和解决更新相关问题的过程。 Microsoft 更新运行状况工具的一个关键功能是它能够检测可能阻止 Windows … |