Child support considered a monthly debt?

[babypanda]

I'm trying to see how much house I can afford. Online calculators are confusing, if I make 60K a year = $5,000 a month and pay $1000 a month in child support does it mean they will consider my income as $4000 monthly because they will subtract $1000 of child support as a debt. THANKS.

[Gardenhand]

Negative, from my experience it doesn't work this way. They will consider your income as 5,000 and your debt 1,000. Not your income 4,000 and your debt 0.

[babypanda]

Thank you. But it would still affect my overall qualification wouldn't it? Would you please share how debt worked from your experience?

[Anonymous]

Child support will count against your DTI when they calculate how much you can afford. 

[Anonymous]

Yes.Child support is calculated against your monthly DTI.I'm going through it now with a FHA loan process.

[DallasLoanGuy]

child support does not reduce income. it is a debt payment

[StartingOver10]

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@babypanda wrote:
Thank you. But it would still affect my overall qualification wouldn't it? Would you please share how debt worked from your experience?

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Run your DTI ratio calculations. The child support will be part of your total debt ratio. What type of mortgage are you considering?