1Source Financial Solutions, Inc. - DEBT-TO-INCOME CALCULATOR

Your debt-to-income ratio, also referred to as a "back end" ratio, is a major factor considered for mortgages, auto loans, and other large purchases. If your ratio is too high, you won't qualify for even high interest loans.

Monthly mortgage / rent payment:
Minimum monthly credit card payments:
Monthly car loan payments:
Other monthly loan payments:
A. MONTHLY DEBT EXPENSES:
Annual gross (before tax) salary:
Bonus and overtime pay:
Other income:
Alimony or child support received:
B. TOTAL (divided by 12):
A + B = Your Debt to Income Ratio

Your debt-to-income ratio analysis:

36% or less: This is an acceptable debt load to carry for most people. With this ratio, you should qualify for a mortgage or auto loan, depending on your FICO score and other factors affecting your credit.

37%-42%: This isn't too bad, but you should find a way to pay down your debt now before you get in real trouble. You may be turned down for a loan with some lenders. You also may not qualify for as large a mortgage or auto loan as you'd like.

43%-49%: You need to take action soon to get out of debt. You are at a point now where an emergency or job loss could leave you in financial ruin. Your chance of getting a Fannie Mae mortgage are slim to none if your ratio is over 42%.

50% or more: You are in a debt crisis and need to find help immediately! Ignoring this problem will not help solve it. Please call your Debt Consultant today.

Now do the same calculations but don't enter your credit card debt or other unsecured loans. That is what our program can do for you!

Call us today for an individualized analysis of your financial situation.