Does my solar loan change my Debt To Income (DTI) Ratio?

A man holding a solar panel on the roof of a house.

Yes — all loans or lease payments change your debt to income ratio. Let’s talk about how it works.

If your house payment is $1800 including property taxes and insurance. Your car payment is $300, your student loan payments are $200 and your credit card payments are $100, your total monthly payments are $2400 per month. All I did here was add them up.

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Jeffrey Loyd

Jeffrey Loyd

163 Followers

Licensed Mortgage Lender — CA, CT, FL, NJ, PA & TX. For today’s rates: https://getarate.com/jeffrey-loyd/. NMLS ID: 410097