Sentences with phrase «divided by your monthly income»

When applying for a traditional mortgage loan, lenders usually prefer for your debt - to - income ratio (the money you use to pay off debts each month divided by your monthly income) to be below about 36 %.

Just take your monthly debt payments plus housing payments and divide this by your monthly income (before taxes and deductions).

Your debt - to - income ratio is simply how much your debt payments are each month divided by your monthly income.

You can also figure out your total debt ratio by adding in your student loan payments, mortgage or rent, and any other monthly obligations you have, divide by monthly income, and multiply by 100.

Your debt - to - income ratio (DTI ratio) is your monthly debt obligations divided by your monthly income.

To calculate this ratio, add your current monthly debts to the amount of your potential monthly PITI, then divide by your monthly income.

This number is a percentage of you monthly expenses divided by your monthly income.

Not exact matches

Here's an example: A monthly net income of $ 3,000 divided by a total of 160 hours worked equals an hourly rate of $ 16.75.

Lenders calculate DTI by dividing your total monthly debts by your gross monthly income.

The lender will find this ratio by adding your monthly debt payments and then dividing that number by your gross monthly income.

This figure is your total minimum monthly payments — including your hypothetical mortgage payment — divided by your monthly gross income.

This ratio is found by dividing your projected monthly mortgage payments by your gross monthly income (your income before taxes).

DTI is calculated as your total monthly debt payments divided by monthly gross income, so a lower DTI indicates better financial health and reduces the mortgage rates you'll be offered.

Next, determine your monthly gross income by dividing your pre-tax salary by 12.

The calculation is simple: total monthly debt divided by total monthly income equals DTI.

Your debt - to - income ratio is calculated by taking your monthly liabilities (e.g. car loan payments) and dividing them by your gross (pre-tax) monthly income.

It is determined by adding up your total monthly debt (including the projected mortgage payment) and then dividing by your total monthly income.

Debt - to - income ratio (how much you owe in monthly debt payments divided by your gross monthly income)

To calculate your maximum monthly debt based on this ratio, multiply your gross income by 0.36 and divide by 12.

Next, the sum will be divided by 24 months to find your monthly household income.

Your debt - to - income ratio equals your total monthly debts divided by your gross monthly income.

VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.

The ratio is calculated by dividing your monthly debt payments by your monthly gross income.

Here's how you can calculate your own DTI: Add up all your monthly debt payments (mortgage, student loan, auto loan, credit card, etc.) and divide your income by the total.

Then, divide the number that represents your total monthly obligations by your gross monthly income.

Then, divide this number by your gross monthly income (what you make before taxes and other deductions are taken from your paycheck).

Mean and standard errors of monthly weight gain after adjusting for maternal age; race / ethnicity; education; household income; marital status; parity; postpartum Special Supplemental Nutrition Program for Women, Infants, and Children program participation; prepregnancy body mass index (calculated as weight in kilograms divided by height in meters squared); infant sex; gestational age; birth weight; age at solid food introduction; and sweet drinks consumption.

Do the math (15 divided by 1.3) and the average book provides a monthly subscription income of $ 11.54.

Taking my total passive income and dividing by 12 will reveal that my monthly passive income at this stage rounds out to $ 225.13.

Lenders calculate the ratio by dividing monthly payments by monthly income.

Then, take that amount and divide it by the gross monthly income.

The top number is determined by the new mortgage payment (including principal, interest, taxes and insurance) divided by your gross monthly income.

They divide your monthly payments for all obligations by your gross monthly income in order to arrive at two sets of figures.

This is to say your proposed mortgage payment (principal, interest, taxes and insurance) divided by your gross monthly income.

DTI is the projected monthly payment, divided by your monthly gross income.

The debt to income ratio equation divides your monthly debt service payments by your monthly gross income.

The debt - to - income ratio divides the projected monthly payments by your monthly income.

You simply divide your total recurring monthly debt by gross monthly income.

This is your gross monthly payment including Mortgage PITI divided by your gross monthly income.

Divide all of his credit - reportable monthly bill payments by his total monthly gross income.

This percentage divides the expected monthly payment by the applicant's gross monthly income.

Debt - to - Income Ratio — A ratio expressed as a percentage that depicts a borrower's monthly mortgage payment divided by their gross monthly iIncome Ratio — A ratio expressed as a percentage that depicts a borrower's monthly mortgage payment divided by their gross monthly incomeincome.

A debt to income ratio is calculated by dividing your monthly debt by your monthly gross income.

Your debt - to - income ratio can be calculated by dividing your monthly debt payments by your gross monthly income.

It is the ratio of our monthly debt payments (credit cards, auto, student and personal loans, store credit accounts and any loans you co-signed) divided by your gross income.

Divide this amount by 12 and you have your estimated monthly income.

Speaking from experience, being a self employed individual, I would take what you suggested by finding your «average monthly income» and also find your «average monthly fixed expense» (all fixed structural expenses for the year totaled and divided by 12).

The next step is to divide your total monthly payment by your gross monthly income and multiply by 100.

Divide $ 1,601 by your gross monthly income.

They add up these numbers and then divide by your monthly gross income.