Exhibit 12.1

AG Mortgage Investment Trust, Inc.

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock dividends for each of the periods indicated:

								Period from
	Year Ended		Year Ended			Year Ended		March 7, 2011 to
	December 31, 2014		December 31, 2013			December 31, 2012		December 31, 2011
Net Income/(Loss)	$	109,395,568	$	(31,578,636	)	$	134,935,917	$	18,970,696
Fixed Charges (1)		51,464,389		59,408,921			28,797,622		4,132,336
Preferred stock dividends		13,469,416		13,469,416			4,137,010		-
Total fixed charges and preferred stock dividends		64,933,805		72,878,337			32,934,632		4,132,336
Earnings available to cover fixed charges and preferred stock dividends	$	174,329,373	$	41,299,701		$	167,870,549	$	23,103,032
Ratio of earnings to combined fixed charges and preferred stock dividends		2.7		0.6			5.1		5.6

(1) Fixed charges consist of interest expense on all indebtedness reported for GAAP, plus $2.6 million, $5.9 million, $3.8 million, and $0.3 million relating to the underlying interest charge on repurchase agreements accounted for as a component of linked transactions, and $22.3 million, $27.9 million, $10.0 million, and $2.2 million relating to the net periodic interest settlements of interest rate swaps for the years ended December 31, 2014, December 31, 2013, and December 31, 2012 and for the period ended December 31, 2011, respectively.