- 1). Calculate your debt load by adding up your monthly debt payments, including your car loan, student loan and mortgage payments. Include the monthly minimum payments on your credit card debt as well.
- 2). Determine your gross monthly income from your recent pay stubs (before taxes).
- 3). Divide your total debt load (from Step 1) by your monthly gross income (from Step 2).
- 4). Multiply the decimal (from Step 3) by 100 to determine your debt-to-income ratio as a percentage.
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