We have created two different versions of the Debt-to-Income (DTI) Ratio worksheets. The DTI ratio is used by lenders to determine how much mortgage payment a buyer can comfortably afford. In the past, lenders moved away from these ratios but lenders have decided to use them again.
We have two pdf forms you can use.
1) Debt-to-Income Ratio – Auto Calc -This pdf form allows you to enter in your income and expenses and it does the math calculations for you. It takes 15 seconds.
2) Debt-to-Income Ratio Worksheet – In case your version of adobe does not support the above form, you can use this one with your calculator to figure out the loan payment that will work for you.
After you find out the loan payment you can afford, use our mortgage calculator to see how much mortgage and house that can buy! CLICK HERE
Call us if you have any questions. In 15 minutes we can put you on the right track.
Steve Kornspan
