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 |
| \( D/I \;=\; \dfrac{ RMI }{ GMI } \) |
| Symbol |
| \( D/I \) = dept to income ratio |
| \( GMI \) = gross monthly income |
| \( RMI \) = recurring monthly income |
