$
Before taxes — all sources combined
$
Principal and interest only
$
$
$
$
$
$
Minimum monthly payments only
$
$
$
Good
Housing costs onlyAcceptable
All debts includedWhere your monthly obligations go
Mortgage P&I
$2,200
Property Tax
$450
Insurance
$150
Car Payments
$450
Student Loans
$300
Credit Cards
$150
DTI thresholds for different loan programs
May Not Qualify
May Not Qualify
Likely Qualifies
Likely Qualifies
What these numbers mean for you
Your front-end DTI of 28.0% is acceptable but above the ideal 28%. Consider a less expensive home or larger down payment.
Your total DTI of 37.0% is at the upper limit for most conventional loans (43% max). FHA loans may allow up to 50%.
Your largest non-housing debt is car payments at $450/mo. Eliminating it would reduce your DTI by 4.5 percentage points.
With your income, the maximum total housing payment to stay at 28% DTI is $2,800/month.
Your front-end DTI is 28% and back-end DTI is 37%. After all debts, you have $6,300 remaining each month (63% of gross income). Your DTI is within conventional loan limits.
Here are the exact formulas behind your numbers. No black boxes — just math.
Front-End DTI
Back-End DTI
Maximum Housing Payment
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