The
Mortgage Debt Services Ratios Calculator
provides you with an estimate of the Gross Debt Service Ratio and Total Debt Service Ratios that apply when entering a mortgage.
Gross Debt Service Ratio (GDS)
Your Monthly
Housing Costs
Your Numbers
Our
Example
Principal
& Interest
$
$840
Property
Taxes
$
$220
Heating
Costs
$
$180
Total
$
$1,240
Gross
Monthly
Income
$
$4,500
GDS
%
27.6%
This is how its calculated:
$1,240
x 100=27.6%
Gross debt services ratio
should not exceed
32%
$4,500
Total Debt Service Ratio (TDS)
Your Total
Monthly Debts
Your Numbers
Our
Example
Monthly
Housing Costs
$
$1,240
All other
Liabilities
$
$550
Total
$
$1,790
Gross
Monthly
Income
$
$4,500
TDS
%
39.8%
This is how its calculated:
$1,790
x 100=39.8%
Total debt services ratio
should not exceed
40%
$4,500
