One criteria mortgage lenders use to assess your mortgage application is the debt-to-income ratio (DTI). Your debt-to-income ratio is a comparison of how much you owe (your debt) to how much ...

That's because a good mortgage calculator does the following: One of the key metrics lenders look at to determine how much house you can afford is your debt-to-income ratio (DTI)—the percentage ...

Also ensure that any overpayment you make goes to reduce the debt (so shortening the term) rather than reducing your monthly payments. This calculator assumes you reduce the mortgage debt, which is ...

Perhaps surprisingly, boomers also have the most student loan debt — $43,554 on average. In addition, the average boomer has $188,034 in mortgage debt and $22,530 in auto loans. The study did ...