Debt-to-Income Ratio

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What is Debt-to-Income Ratio?

Your debt-to-income ratio (DTI) is a comparison of how much you owe each month (debt) to how much you earn (income). Specifically, it’s the percentage of your gross monthly income (before taxes) that goes towards payments for rent, mortgage, credit cards, or other debt. Along with credit score, this is another important measure of your overall financial health.