Mortgage Calculator: Housing to Income Ratio

This calculator determines the Housing to Income Ratio the lender reviews during the loan approval process. Your monthly housing costs (including property taxes and insurance, as well as mortgage payments) cannot exceed 28 percent of your monthly gross income.

 
     
PITI Payment $
Borrower's Monthly Gross Income $
Co-Borrower's Monthly Gross Income $
Housing to Income Ratio   %
     

Calculate

Step 1 - PITI Payment 
Enter the PITI amount from the PITI Calculator. You may enter different amounts by clicking in the field and typing the new numbers or returning to the original calculator and making changes. 

Step 2 - Borrower's Monthly Gross Income 
Enter the Borrower's Monthly Gross (before deductions) Income from the Income Worksheet. 

Step 3 - Co-Borrower's Monthly Gross Income 
Enter the Co-borrower's Monthly Gross (before deductions) Income from the Income Worksheet. 

Step 4 - Calculate 
Click the Calculate button to see the calculated Housing to Income Ratio. This percent should be less than 28%