Debt-to-income ratio (DTI)
Your DTI ratio shows how much of your income goes towards repaying debts. It's a key part of your financial health.
What's included in your DTI calculation
Loans
Personal, auto, and other loan payments
Loans
Personal, auto, and other loan payments
Loans
Personal, auto, and other loan payments
Loans
Personal, auto, and other loan payments
Credit cards
Minimum monthly payments
Credit cards
Minimum monthly payments
Credit cards
Minimum monthly payments
Credit cards
Minimum monthly payments
Car finance
Monthly car payments
Car finance
Monthly car payments
Car finance
Monthly car payments
Car finance
Monthly car payments
Mortgage or rent
Mortgage or rent
Mortgage or rent
Mortgage or rent
Mortgage or rent
Mortgage or rent
Mortgage or rent
Mortgage or rent
Student loans
Monthly student loan payments
Student loans
Monthly student loan payments
Student loans
Monthly student loan payments
Student loans
Monthly student loan payments
Child support
Support or maintenance payments
Child support
Support or maintenance payments
Child support
Support or maintenance payments
Child support
Support or maintenance payments
Overdraft charges
Regular overdraft fees
Overdraft charges
Regular overdraft fees
Overdraft charges
Regular overdraft fees
Overdraft charges
Regular overdraft fees
What's included in your DTI calculation
Formula:
Formula:
(Total Monthly Debt Payments ÷ Monthly Income) × 100 = DTI %
(Total Monthly Debt Payments ÷ Monthly Income) × 100 = DTI %
Low DTI
Low DTI
Under 30%
Under 30%
Good financial health
Good financial health
Medium DTI
Medium DTI
30-50%
30-50%
Some financial strain
Some financial strain
High DTI
High DTI
Over 50%
Over 50%
Financial stress
Financial stress
Why your debt-to-income ratio matters
Lenders use your DTI to see whether you can handle more borrowing. A lower ratio means you're less financially stretched.
Your DTI is one of the most important numbers in your financial life. It helps lenders understand if you have enough income to comfortably cover your existing debts plus any new loan payments.
Improving your DTI by paying down debt or increasing your income can significantly boost your overall affordability score.
Lenders use your DTI to see whether you can handle more borrowing. A lower ratio means you're less financially stretched.
Your DTI is one of the most important numbers in your financial life. It helps lenders understand if you have enough income to comfortably cover your existing debts plus any new loan payments.
Improving your DTI by paying down debt or increasing your income can significantly boost your overall affordability score.
Ready to understand what you can afford?
Ready to understand what you can afford?
Download the Boshhh MoneyApp today and get your personalised affordability score in minutes.
Download the Boshhh MoneyApp today and get your personalised affordability score in minutes.
Frequently asked questions
Frequently asked questions
Frequently asked questions
Here’s everything you need to know about how Boshhh Money app works, from your scores to our credit-building SIM.
What is a debt-to-income ratio?
How is my DTI ratio calculated in Boshhh MoneyApp?
What debts are included in my DTI ratio?
What is a good debt-to-income ratio?
How can I lower my debt-to-income ratio?
What is a debt-to-income ratio?
How is my DTI ratio calculated in Boshhh MoneyApp?
What debts are included in my DTI ratio?
What is a good debt-to-income ratio?
How can I lower my debt-to-income ratio?
What is a debt-to-income ratio?
How is my DTI ratio calculated in Boshhh MoneyApp?
What debts are included in my DTI ratio?
What is a good debt-to-income ratio?
How can I lower my debt-to-income ratio?
What is a debt-to-income ratio?
How is my DTI ratio calculated in Boshhh MoneyApp?
What debts are included in my DTI ratio?
What is a good debt-to-income ratio?
How can I lower my debt-to-income ratio?
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
10,519+ Users
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
10,519+ Users
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
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