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Back End Ratio or Back Ratio
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| The Back End Ratio is a term used to mean the sum of your monthly mortgage payment and all other monthly liabilitys such as credit cards, car payments, student loans, etc. divided by your monthly pre-tax income. (Also see Debt-to-Income Ratio) |
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| An example would be: |
| Your Pretax Income is |
$5000 |
| Monthly Credit Cards |
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| Car Payment |
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| Student Loans |
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| Other Monthly Bills |
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| Equals (Left over income) |
$2500 |
| Your Ratio would be 50% Income to debt
because you take $2500 and dived it into $5000
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$2500/$5000= %50 |
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