Since debt - to - income ratios are calculated by dividing total monthly debt obligations by monthly income, we made some assumptions about monthly debt payments. (credible.com)
Debt - to - income ratio is found by dividing a borrower's monthly debt obligations by their monthly income. (studentloans.net)
That means your total housing costs and other monthly debt obligations should use up no more than 43 % of your income. (bpfund.com)