These are other long-term debts, or payments, you make every month. Examples include other house payments (principal & interest only), installment loan payments, a car, boat, snowmobile, or motorcycle payment, child support, alimony, credit card payments, and investments with negative cash flows.
Required (Do Not Enter in Commas, may be 0)
Min: 0
Max: 10000 (ten thousand)
Decimals: 0
Remarks
Important tips: Typically, short-term debt (12 months or less) should not be used for
this calculation. For example, if you have 9 monthly payments left on your
automobile loan, and your obligation will be fulfilled at that time, exclude this payment
from the calculation.
Typically, lenders will use your minimum credit card payments and add them together.
The amount of the negative cash flow is "added" in when calculating Other Monthly Debt. For example, if a rental property has a monthly PI payment of $800 and is rented for $600, you would "add" in $200 to other monthly debt.
Example
If you pay $618 per month in Other Monthly Debt, enter: 618
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