Income Source Amount Monthly Gross Income: Income from Alimony and Child Support: Conservative averages of bonuses, commissions and tips: Dividends and interest earnings: Miscellaneous Income(Government benefits and/or assistance):

Debt Source Amount Car Payments:    Loan Payments on Furniture and Appliances:    Bank/Credit Union Loans:    Student Loans:    Other Loans and Credit Lines:    Payments for past medical care:    All minimum Credit card payments:

Total Monthly Gross Income:

Total Debt:

Debt to Income Ratio:

Now that you have calculated your debt-to-income ratio, understanding what it means to you is the next step.

• 36% or less: This is an ideal debt load to carry for most people. Showing that you can control your spending in relation to your income is what lenders are looking for when evaluating if you are credit-worthy.


• 37% to 42%: Your debts still may seem manageable, but start paying them down before they begin to spiral out of control. At this level, credit cards still may be easy to obtain, but acquiring loans may be more difficult.


• 43% to 49%: Your debt ratio is high and financial difficulties may be looming unless you take immediate action.


• 50% or more: Seek professional help to make plans for drastically reducing your debt before it becomes a real problem.

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values.

Description	Amount
Loan Amount
Loan Length in Months
Interest Rate
Monthly Payment

Income Source Amount Monthly Gross Income(wages, alimony, child support, pensions, social security, etc.): Income Deductions Taxes (Federal, State, FICA, etc.): Savings Plan (401k, 403b, ESPP, etc): Other (medical, dental, vision, life insurance, etc.):

Expenses Amount Rent or Mortgage: Other Housing Costs (property taxes, home insurance, etc.): Utilities (water, sewer, garbage, electricity, telephone): Home Maintenance (laundry, toiletries, upkeep): Transportation (car payment, bus or taxi fees): Auto Upkeep (gas, insurance, license, parking): Food (groceries, restaurant expenses, deliveries): Clothes (and other related shopping expenses): Books, Periodicals, Online Services (internet services): Entertainment (cable, satellite, DVD and VHS rentals, theater, vacation, travel, etc.): Debt (credit cards, school loans, boat loans, etc.): Other Monthly Expenses (child care, housekeeping, hobbies, etc.):

Monthly Net Income: Total Expenses: Amount Left to Save or Invest: