What’s your debt-to-income ratio?
See your front-end and back-end ratios and how they compare with commonly cited guidelines.
01Income
02Monthly payments
▦Commonly cited reference points
| Guideline | Housing | Total |
|---|---|---|
| Traditional rule of thumb | 28% | 36% |
| Conventional (with automated approval) | — | Up to ~50% |
| FHA standard benchmarks | 31% | 43% |
| VA (plus residual income test) | — | 41% |
| USDA standard | 29% | 41% |
These are reference points only. Automated underwriting may approve higher or lower ratios depending on credit, reserves and other factors.
ƒHow this is calculated
- Front-end = housing payment ÷ gross monthly income. Back-end = (housing + all monthly debt payments) ÷ gross monthly income.
- Lenders use the minimum payments on your credit report. Utilities, insurance (other than homeowners) and groceries aren’t counted.
Estimates for illustration only. This is not a loan offer, rate quote, or commitment to lend. Results come only from the numbers entered above. Interest rates are examples you supply, not advertised rates, so check current rates before deciding. Fee schedules and limits shown are published figures that can change.
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Austin Gerimonte, NMLS #2277430 · CrossCountry Mortgage, LLC NMLS #3029 · Equal Housing Lender · NMLSConsumerAccess.org