DTI Calculator | Loan Calculator | Estimate Cost
Are you feeling overwhelmed by your debt-to-income ratio? Frustrated with not knowing where you stand financially? It's time to take control and unleash the power of our DTI calculator. These online tools are the secret weapon to mastering your debt-to-income ratio and gaining a clear understanding of your financial health. With a debt-to-income ratio, which compares your monthly debt payments to your monthly income, you can determine how much of your income goes towards paying off debts. This ratio is crucial for lenders when evaluating your creditworthiness and determining whether you qualify for loans or credit. DTI calculators are user-friendly tools that make understanding and assessing your financial health a breeze. Simply input your income and monthly debt payments, and the calculator will do the rest for you. In a matter of seconds, you'll have a clear picture of where you stand and whether you need to make adjustments to improve your ratio. By mastering your debt-to-income ratio with the help of a DTI calculator, you can confidently navigate your financial future and make informed decisions about your money. So why wait? Start using our DTI calculator today and take control of your financial destiny.
DTI Calculator
Your Monthly Payment
| Principal interest | |
| Homeowner's insurance |
+
$
|
| Mortgage's insurance |
+
$
|
| Property tax |
+
$
|
| HOA fees |
+
$
|
| Total monthly payment = | |
Your actual savings will vary. Monthly Payments do not include taxes and insurance. Your payment obligation will be higher.
DTI Calculator (DEBT-TO-INCOME)
Your Front-End DTI Ratio: %
%Your Back-End DTI Ratio: {{debt.debtToIncome | number:0 }}%
Estimated Debt to Income
Total approximate funds needed to close
$44843
The approximate loan cost illustration below does not constitute and is not a substitute for the loan estimate of closing costs (LE) that you will receive once you apply for a loan. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. As a result of refinancing, your total finance charges may be higher over the life of the loan. The DTI calculator is an estimated ratio of your annual income divided into monthly, then compared to your monthly debt obligations.
A. ORIGINATION CHARGES
| ORIGINATION POINTS | $ |
| UNDERWRITING FEE | $ |
| ADMINISTRATION FEE | $ |
| TOTAL ORIGINATION CHARGES | $ |
| TOTAL FINAL PRICE | $ |
| LENDER CREDIT | $ |
B. SERVICES BORROWER DID NOT SHOP FOR
| APPRAISAL FEE | $ |
| CREDIT REPORT FEE | $ |
| TAX SERVICE FEE | $ |
| FLOOD CERTIFICATION | $ |
| ELECTRONIC REGISTRATION (MERS) FEE | $ |
| HOA CERTIFICATION FEE | $ |
| MORTGAGE INS PREMIUM | $ |
| THIRD PARTY PROCESSING FEE | $ |
| MOBILE HOME LIEN SEARCH | $ |
| TOTAL FINAL PRICE | $ |
C. SERVICES BORROWER CAN SHOP FOR
| TITLE - SETTLEMENT OR CLOSING FEE | $ |
| TITLE - PREMIUM FOR LENDER'S COVERAGE | $ |
| TITLE - ENDORSEMENT FEE | $ |
| PEST INSPECTION | $ |
| TOTAL FINAL PRICE | $ |
E. TAXES AND OTHER GOVERNMENT FEES
| RECORDING FEES - MORTGAGE | $ |
| RECORDING FEE - DEED | $ |
| CITY/COUNTY TAX/STAMPS | $ |
| STATE TAX/STAMPS | $ |
| TRANSFER TAXES | $ |
| TOTAL FINAL PRICE | $ |
F. PREPAID
| PREPAID INTEREST | $ |
| HAZARD INSURANCE PREMIUM (ANNUAL) | $ |
| FLOOD INS PREMIUM (ANNUAL) | $ |
| TOTAL FINAL PRICE | $ |
G. INITIAL ESCROW PAYMENT AT CLOSING
| HAZARD INSURANCE RESERVE | $ |
| MORTGAGE INSURANCE RESERVE | $ |
| CITY PROPERTY TAXES | $ |
| COUNTY PROPERTY TAXES | $ |
| HOMEOWNERS ASSOCIATION DUES | $ |
| FLOOD INSURANCE | $ |
| TOTAL FINAL PRICE | $ |
H. OTHER
| TITLE - OWNER'S TITLE POLICY (OPTIONAL) | $ |
| SURVEY FEE | $ |
| HOME INSPECTION FEE | $ |
| OTHER | $ |
| TOTAL FINAL PRICE | $ |
Concessions
| Seller Concessions | $ |
| Real Estate Agent Concessions | $ |
SUMMARY
The information provided above regarding "ballpark figure" cost of closing fees, total funds needed to close and the estimated total monthly payment (collectively referred to as "ballpark figure" loan cost illustration) are only generalities.
The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs. Any credits shown in the illustration as paid by others (seller, lender or 3rd party) are not guaranteed and are dependent on factors outlined during your loan application interview.
This is a "ballpark figure" cost illustration and is NOT a mortgage loan approval or commitment to lend, nor pre-approval nor prequalification..
The above information is meant for educational purposes only, the approximate origination charges, and total approximate funds needed to close is just an illustration and may not be accurate to your personal loan scenario. Actual fees and costs and payments may vary. Credits are not typical and may vary on a case by case situation and are not guaranteed.
This is not a mortgage loan approval commitment.