DTI Calculator.xlsx

	A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R	S
1	DTI
2	Debt Source	Date:	Balance	Minimum Payment	% of Home	10-99 Income	2021 Earnings	2022 Earnings
3	Mortgage (Including Escrow)					Schedule C (Line 31)
4					#DIV/0!	Average per month last 2 yrs	0
5
6	Credit Cards (3% Min Payment)					Rental Income	2021 Earnings	2022 Earnings
7				$0.00		Schedule E (Line26)
8				$0.00		Total Depreciation
9				$0.00		Schedule E (-) Depreciation
10				$0.00		Average per month last 2 yrs	0
11				$0.00
12				$0.00		What is a debt-to-income ratio?
13				$0.00		A debt-to-income, or DTI, ratio is derived by dividing your monthly debt payments by your monthly gross income.
14				$0.00		The ratio is expressed as a percentage, and lenders use it to determine how well you manage monthly debts -- and if you can afford to repay a loan.
15				$0.00
16				$0.00		What is the ideal Debt-to-income ratio?
17	Personal Loan(s)					36% or lower is ideal. 43% is typically the highest ratio a borrower can have and still qualify for a mortgage. With no more than 28% going towards servicing a mortgage.
18						Lenders may accept higher ratios depending on several factors.
19						Recently conventional loans backed by Fannie Mae and Freddie Mac, lenders now accept a DTI ratio as high as 50%.
20	Auto/RV Loan(s)
21						FHA Requirments
22	Total		$0.00	$0.00		Minimum Credit Score		620
23	Income Sources	Length of Time	Yearly	Monthly (Gross)		DTI		43%
24	W2 Employement	9 Years
25	10-99 Income	Avergage of last two yrs				Money needed to buy house
26	STR Income	Avergage of last two yrs				Home Loan	$180,000.00	$190,000.00	$200,000.00	$210,000.00	$220,000.00	$230,000.00	$240,000.00	$250,000.00	$260,000.00	$270,000.00	$280,000.00	$290,000.00	$300,000.00
27						Down Payment (3.5%)	$6,300.000	$6,650.000	$7,000.000	$7,350.000	$7,700.000	$8,050.000	$8,400.000	$8,750.000	$9,100.000	$9,450.000	$9,800.000	$10,150.000	$10,500.000
28						Closing Costs (4%)	$7,200.000	$7,600.000	$8,000.000	$8,400.000	$8,800.000	$9,200.000	$9,600.000	$10,000.000	$10,400.000	$10,800.000	$11,200.000	$11,600.000	$12,000.000
29						Emergency Fund	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00	$5,000.00
30	Total Gross Monthly Income			$0.00		Total	$18,500.000	$19,250.000	$20,000.000	$20,750.000	$21,500.000	$22,250.000	$23,000.000	$23,750.000	$24,500.000	$25,250.000	$26,000.000	$26,750.000	$27,500.000
31	Debt-to-Income Ratio			#DIV/0!		Estimated Mortgage (7%)	1805	1880	1955	2030	2105	2180	2255	2330	2405	2480	2555	2630	2705
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37	Contact @miguelh094 or lacasa_hospitality on instagram if you have questions
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