Debt Service Calculator Interest Only. This interest only loan calculator makes the math easy by figuring the monthly payments for you. If your debt service coverage is greater than 1.25, including your new loan payment, you have a good chance of being approved.
This tool calculates debt service and illustrates how debt service coverage ratios are impacted by changing income and capital. While different consumer debt types typically have different amounts, we kept the amount column constant to show the absolute difference in cost per dollar earned or borrowed. Javascript is required for this calculator.
To calculate the debt service coverage ratio, simply divide the net operating income (noi) by the annual debt.
What is a debt service coverage ratio? This calculator is provided by the division of local services only as a guide to assist communities in projecting debt service. Gds is the percentage of your monthly household income that covers your housing costs. The debt service expenses will include payments on the mortgage (principal, interest), lease costs, taxes and insurance costs.