Title: Can Dr. Anya Afford Her Dream Home? Calculate Your DTI & Find Out. Tagline: Can Dr. Anya Sharma Qualify for a $600,000 Mortgage Despite $280K in Student Loan Debt? Problem: Dr. Anya Sharma, a 35-year-old physician, earns a comfortable $220,000 annually. She's diligently paying off her $280,000 student loan debt and also maxes out her 401(k). She wants to buy a $600,000 home and needs to know if her debt-to-income ratio will allow her to qualify for a mortgage, especially considering the new mortgage payment, property taxes, and homeowner's insurance. Her current monthly student loan payment is $2,200 and her 401(k) contributions are $1,833.33 per month. Solution: By using the DTI Ratio Calculator, Dr. Sharma can accurately determine her DTI. Inputting her gross monthly income ($18,333.33), student loan payment ($2,200), estimated mortgage payment (including PITI - say $3,500), and no other significant debt, the calculator shows her DTI. This allows her to understand if she needs to adjust her spending, accelerate student loan repayment (possibly at the expense of retirement savings temporarily), or consider a less expensive property to meet lending requirements. ROI: Understanding her DTI prevents Dr. Sharma from wasting time and money on mortgage applications she's unlikely to get approved for. For example, if the calculator reveals a DTI above 43% (a common lending threshold), Dr. Sharma knows she needs to reduce her monthly debt obligations or increase her income before applying. Successfully qualifying for the $600,000 mortgage saves her from the disappointment of rejection and allows her to build equity in her home sooner. By understanding her DTI, she can better manage her finances and potentially save thousands in rent payments per year while also building long-term wealth through homeownership. Description: Calculate your DTI and see if you can get approved for the home of your dreams. Don't let student loans derail your homeownership aspirations. Use our calculator to find out if you meet lender requirements. Category: Lead Gen