Debt To Income Ratio Calculator
Enter the number of shares and price per share for the first purchase and second purchase.
The debt-to-income ratio is a very important factor that lenders look at.
To calculate your DTI simply divide your monthly debt by your monthly income.
Obviously a lower number is better that a higher number.
Generally speaking Lenders want to see a DTI of 36 or less.
Let's look at an example.
If monthly income is $6,000 and monthly debt payments are $1,500, the DTI is 25.