Credit Card Center Advertiser Disclosure

New Visitor
Posts: 10
Registered: ‎05-10-2017
0 Kudos

Figuring out debt to income

Can someone tell me which of my bills calculate this?

I have 4000 left on a student loan that I pay, 850 rent, about 100-200 reports on my 4 cards each month (total), no car payment (take Bart so I'm not sure they include that), 61300 salary

Thank you
Frequent Contributor
Posts: 308
Registered: ‎04-29-2017
0 Kudos

Re: Figuring out debt to income

If I understand it correctly (and someone please correct me if that's the case) DTI is calculcated with any recurring debt like loans, cc payments, mortgage, and so on. In your case depending how much your payment is on your student loan I would take that amount and add the other amounts you already provided to the rought estimate of $1050. Then take that total and divide by the ~$5000 a month you make and that will more or less determine your DTI.

FICO 08 Scores (06/29/17): TU 817, EQ 821, EX 822
FICO 08 Scores (08/01/17): TU 827, EQ 830, EX 833

Daily Drivers
AMEX Business Platinum: NPSL | AMEX BCE: $18,000 | Capital One QS: $17,000 | Walmart MC: $15,000 | Sam's Club MC: $15,000
Community Leader
Super Contributor
Posts: 14,073
Registered: ‎04-16-2014
0 Kudos

Re: Figuring out debt to income

DTI is rent or mortgage+car payment+min cc + any other loan payments (all monthly) divided by gross monthly income.  This is what banks use to determine your DTI

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | US Bank | Fifth Third Bank | FNBO
Community Leader
Epic Contributor
Posts: 29,575
Registered: ‎03-19-2007
0 Kudos

Re: Figuring out debt to income

Additionally, if the DTI is being calculated as part of a mortgage underwriting process, such as FHA, there may be various regs that provide for inclusion in the DTI calculation a percentage of amounts owed on reported collections.

Calculation of DTI has various factors that are dependent upon the intended use of the ratio.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.