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Debt to Income Ratio

on . Posted in Project Management Engineering

Debt to income ratio, abbreviated as D/I, is a percentage that tells lenders how much money you spend on monthly debt payments versus how much money you have coming.

 

Debt to Income Ratio Formula
\(\large{ D/I =  \frac{ RMI }{ GMI }  }\)
Symbol
\(\large{ D/I }\) = dept to income ratio
\(\large{ GMI }\) = gross monthly income
\(\large{ RMI }\) = recurring monthly income

 

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