Back-end ratio (total DTI)
Monthly housing costs plus all other recurring debt payments (auto loans, student loans, credit cards) divided by gross monthly income. Conventional lenders typically cap this at 36%; FHA allows up to 43%.
Monthly housing costs plus all other recurring debt payments (auto loans, student loans, credit cards) divided by gross monthly income. Conventional lenders typically cap this at 36%; FHA allows up to 43%.