Debt-to-Income Ratio Calculator
Summary
Assesses debt level relative to income, commonly used in loan approvals.
Example
If your debt is $1,000 and income is $5,000, your ratio is 20%.
Explanation of Results
The result gives you a percentage that helps assess whether your debt load is manageable. Lenders use this ratio to determine your ability to take on more debt, so a lower percentage is better.
