By David Parks · eXp Realty · The Apollo Group · 2 min read
Debt-to-income ratio (DTI) compares your monthly debt payments to your gross monthly income. Lenders use it to decide how much you can safely borrow.
Add up monthly debts like the new mortgage payment, car loans, student loans, and credit card minimums, then divide by gross monthly income.
Limits vary by loan type and lender, and some programs allow higher ratios with other strengths like strong credit or reserves. Ask a lender what applies to you.
What a lender approves may be more than what feels comfortable. Plan your budget around your lifestyle, not just the maximum.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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