Back-end ratio,BER,back-end debt-to-income ratio,BEDTI,BEDTIR

Formula or Equation

back-end ratio,BER,back-end debt-to-income ratio,BEDTI,BEDTIR formula,equation,calculator
BERback-end ratio,BER,back-end debt-to-income ratio,BEDTI,BEDTIR
RMDrecurring monthly debt,RMD
GMIgross monthly income,GMI

Formula or Equation Note

Back-end ratio is the percentage of income that goes toward paying all recurring debt payments, including those covered by front-end ratio, and other debts such as credit card payments, car loan payments, student loan payments, child support payments, alimony payments, and legal judgments. Back-end ration should not be more than 36% for a new loan.

Calculator(how to use calculator?)

back-end ratio,BER,back-end debt-to-income ratio,BEDTI,BEDTIR formula,equation,calculator
Recurring monthly debt (RMD)
Gross monthly income (GMI)
Back-end ratio (BER)
Precision

References

  1. Wikipedia article: Debt-to-income ratio.

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