We use this amount to calculate your debt-to-income ratio (DTI). DTI is the ratio of total debt payments divided by gross income (before tax) expressed as a percentage, either a monthly or annual basis. For example, if your monthly income is $3,000 and you spend $1,180 on debt each month, your DTI ratio is 39.3%. No debt, the ratio is 0%.

Please note that we can only estimate your property tax based on median property taxes. Every locality uses a unique property tax assessment method. Your actual property tax burden will depend on the details and features of each individual property.

While the exact property tax rate you will pay for your properties is set by the local tax assessor, you can estimate your yearly property tax burden by choosing the state and county in which your property is located and entering the approximate Fair Market Value of your property into the calculator. [Source]