Debt-to-Income Ratio: $1,500 Debt on $5,000 Income
$1,500 in monthly debt payments on a $5,000 gross monthly income produces a 30% debt-to-income ratio.
How to use this tool
- Enter total monthly debt payments and gross monthly income in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your debt-to-income ratio and the full breakdown beneath it.
Calculate your debt-to-income ratio with $1,500 in monthly debt and $5,000 gross monthly income.
Frequently asked questions
- What is a good debt-to-income ratio?
- A DTI below 36% is considered good by most lenders. For a qualified mortgage, your DTI must generally be 43% or below. Below 20% is excellent.
- What debts are included in DTI?
- Include all recurring monthly debt obligations: mortgage/rent, car loans, student loans, credit card minimum payments, personal loans, and any other monthly debt commitments. Do not include utilities, groceries, or discretionary spending.