Enter the monthly mortgage payment ($) and the monthly income ($) into the Mortgage to Income Ratio Calculator. The calculator will evaluate and display the Mortgage to Income Ratio.

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## Mortgage to Income Ratio Formula

The following formula is used to calculate the Mortgage to Income Ratio.

**MIR = MP / MI **

- Where MIR is the Mortgage to Income Ratio (mortgage:income)
- MP is the monthly mortgage payment ($)
- MI is the monthly income ($)

## How to Calculate Mortgage to Income Ratio?

The following example problems outline how to calculate Mortgage to Income Ratio.

Example Problem #1:

- First, determine the monthly mortgage payment ($).
- The monthly mortgage payment ($) is given as: 2,000.

- Next, determine the monthly income ($).
- The monthly income ($) is provided as: 5,000.

- Finally, calculate the Mortgage to Income Ratio using the equation above:

MIR = MP / MI

The values given above are inserted into the equation below and the solution is calculated:

MIR = 2,000 / 5,000 = .40 (mortgage:income)

Example Problem #2:** **

For this problem, the variables required are provided below:

monthly mortgage payment ($) = 3,000

monthly income ($) = 10,000

Test your knowledge using the equation and check your answer with the calculator above.

MIR = MP / MI ** = ?**