BCSalliance.com Debt Ratio Worksheet |
10% of my monthly household income (net) = $__________________ (If this amount is greater than your total of monthly payments, your debt ratio is very good) |
Use the worksheet below to determine your debt-to-income ratio. You should exclude your mortgage payment or rent from this calculation as well as everyday living expenses, such as groceries, entertainment, etc. |
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Amount Still Owed |
Months Left To Pay |
Monthly Payment |
Type of Loan |
Car Loan 1 |
Car Loan 2 |
Credit Card 1 |
Credit Card 2 |
Credit Card 3 |
Credit Card 4 |
Home Equity Loan |
Student Loan(s) |
Personal Loan(s) |
Other _______________________ |
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TOTAL |
TOTAL MONTHLY HOUSEHOLD INCOME (NET) $__________________ |
20% of my monthly household income (net) = $__________________ (If this amount is less than your total of monthly payments, you have too much debt) |
My debt-to-income ratio is __________% (Total monthly net income divided by total of monthly payments) |
acceptable |
unacceptable |
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BCSalliance.com Debt Ratio Worksheet |
