Calculating Debt Ratio :: Provident Home Loans

Provident Home Loans, Provident University - Mortgage Glossary :: Loan Process :: Holding Title to a Home :: Closing Costs :: Successful Closing :: Being Pre-Approved :: Calculating Debt : APR :: Dumb Mistakes in Real Estate :: Credit Scores

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Calculating Debt

Many Banks, Lenders, Savings & Loan base part of borrower qualifications on the ability to repay a loan. Often rates are based on an Income to Debt Ratio. A scale is shown below the calculator to help you.

Provident Monthly Debt Calculator


Monthly Debt	Monthly Income
Rent Payment: $	Taxable Income: $
Auto Payment: $	Non-Taxable Income: $
Credit Card Payment: $	Investment Income: $
Student Loans: $	Other Income: $
Other Debt: $	Other Income: $
Total Debt: $	Total Income: $

Your Balance is: $

Your Income To Debt Ratio is:%

Income to Debt Scale

Grade	Percent
A+	36-38%
A	39-42%
B	43-45%
C	46-50%
D	51-55%

*The LOWER the ratio, the better.

Give us a Call and Let us Help Lower your Debt Ratio!