Add up all your monthly debt payments
Include mortgage or rent, car loans, student loans, credit card minimum payments, personal loans, and other recurring debts
Add up your gross monthly income before taxes and deductions
Divide total monthly debt payments by gross monthly income
Multiply the result by 100 to get your DTI percentage
Formula: DTI = (Monthly Debt Payments ÷ Gross Monthly Income) × 100
Example: $2,000 debt payments ÷ $6,000 gross income = 0.333
Example: 0.333 × 100 = 33.3% DTI