Credit Card Repayment Calculator & Debt to Income Ratio Calculator

The first calculator on this page is the Credit Card Repayment calculator. The name is pretty self-explanatory. If you have a credit card you need to pay off, this calculator will help you figure out how to do that in a specific timeframe. The reason it asks for your email address is so the results will be emailed to you. This website doesn’t save anything entered into this form, so we never even get your email or have a place to look it up. Which means we can’t sell your email or put you on an unwanted mailing list.

The Debt to Income Ratio calculator (DTI), if you’re not familiar with it, basically evaluates the health of your finances. The ratio it calculates is the same ratio lenders use to decide if you have the cash flow to repay the money you plan to borrow from them. The calculator here assigns a rating to your DTI; this rating is just an estimate. DTI limits vary for different lenders and loan packages, so the rating assigned here may not apply to the loan you’re contemplating.

calcCCRepay
Credit Card Repayment Calculator
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calcDebt2Inc
Debt to Income Ratio Calculator
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Excellent! While you should pay off your debt as soon as possible, this debt to income ratio should allow you to live the lifestyle you want without major constraints.
Healthy. You should avoid incurring more debts, and might have a problem getting approved for a mortgage or yet another loan. Still, you are in a relatively good situation.
Troubling. You probably won't get approved for any additional loans; you should start working on a plan that will help you reduce your debts.
Dangerous. Such a debt to income ratio indicates financial trouble. You should devote as much money and energy as possible to pay off your loans.
Extremely Dangerous. More than half of your income is used to pay off debts and mortgages. If you're not following a strict payment plan yet, don't hesitate to consult a financial advisor and get professional help.
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