The calculation lenders use to compare a borrower's gross monthly income to their total debt when determining loan approval. Takes into account existing long-term debt.
Related information about back end ratio:
- Back-End Ratio Definition | Investopedia
A ratio that indicates what portion of a person's monthly income goes toward paying debts. Total monthly debt includes expenses such as mortgage payments ...
- Back End Ratio Mortgage Calculator
Online Back End Ratio Mortgage Calculator is an essential personal finance assessment tool used to calculate how much of your gross monthly income is ...
- How much house can you buy? - Bankrate.com
Back-end ratio: The total debt-to-income, or back-end, ratio, shows how much of your gross income would go toward all of your debt obligations, including ...
- Debt-to-income ratio - Wikipedia, the free encyclopedia
The second DTI, known as the back-end ratio, indicates the percentage of income that goes toward paying all recurring debt payments, including those covered ...
- back-end ratio - Financial Dictionary - The Free Dictionary
In loans, the portion of a person's gross income that goes toward debt service. It is calculated by dividing all monthly debt payments by one's gross monthly ...
- FHA Loans - FHA Debt Ratio Guidelines
Back-End Ratio - this is your gross income divided by the new PITI mortgage payment and also you minimum monthly payments from you liabilities.
- Affordable Home - How Much Home Can I Afford? - How Much to ...
The back-end ratio reflects your new mortgage payment, plus all recurring debt. It , too, is ... The back-end ratio number is $1,720 ($4,000 x 43% = $1,720).
- Home Buying: Can my back-end ratio exceed 43% when applying ...
Apr 4, 2009 ... Can my back-end ratio exceed 43% when applying for an FHA loan? Is downpayment assistance still available? Find answers to this and many ...