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Calculating DTI with installment loan with a few months left

skigirl916
Established Contributor

Calculating DTI with installment loan with a few months left

When I refinanced my house, my lender had me pay down an auto loan so that I had less than 10 months left on an installment loan so that they could exclude that payment from the DTI calculation.

 

I intend to buy out my lease when it's up, but at that time, there will be 3 months left on the lease, probably 4 at the time I apply. I can't afford another 4 early payments to pay it off faster. 

 

Will auto lenders include that installment loan as part of my DTI with so few months left? Or will they handle it as the mortgage lender did?

 

Thanks!

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