TDS and GDS Calculator
The two main calculations used to determine how much you can afford to borrow for a loan or a new home purchase are the total debt service ratio (TDS) and gross debt service ratio (GDS).
| Show 1 or 2 scenarios? |
|
Monthly Income & Debt Obligations
| Gross Monthly Income |
Scenario 1
|
Scenario 2
|
| Primary income |
0
|
0
|
| Secondary income |
0
|
0
|
| Rental income |
0
|
0
|
| Child tax benefit |
0
|
0
|
| CPP/OAS income |
0
|
0
|
| Pension income |
0
|
0
|
| Investment income; interest/dividend/RRIF |
0
|
0
|
| Other income |
0
|
0
|
| Other income |
0
|
0
|
|
Total Gross Monthly Income
A
|
0
|
0
|
| Monthly Debt Obligations for Primary Residence |
| Mortgage or rent payment |
0
|
0
|
| Property taxes & land/lot lease payment |
0
|
0
|
| Heating costs |
0
|
0
|
| Condominium fees (50% of monthly payment) |
0
|
0
|
|
Total Monthly Debt for Primary Residence
B
|
0
|
0
|
|
Gross Debt Service (GDS) Ratio
B/A
|
0.00%
|
0.00%
|
Other Monthly Debt Obligations
| Secondary home |
Scenario 1
|
Scenario 2
|
| Mortgage or rent payment |
0
|
0
|
| Property taxes & land/lot least payments |
0
|
0
|
| Heating costs |
0
|
0
|
| Consumer term loan payments |
| Loan #1 |
0
|
0
|
| Loan #2 |
0
|
0
|
| Loan #3 |
0
|
0
|
| Lease payments |
0
|
0
|
| Alimony, maintenance and/or child support payments |
0
|
0
|
| Revolving line of credit (3% of balance owed) |
| Line of credit |
0
|
0
|
| Credit card #1 |
0
|
0
|
| Credit card #2 |
0
|
0
|
| Other |
0
|
0
|
| Other |
0
|
0
|
|
Total Monthly Debt for Other Obligations
C
|
0
|
0
|
|
Total Monthly Debt
D (B+C)
|
0
|
0
|
|
Total Debt Service (TDS) Ratio
D/A
|
0.00%
|
0.00%
|
|
Monthly Income Surplus
E (A-D)
|
0
|
0
|
Summary of Results
| Gross Debt Service Ratio |
Scenario 1
|
Scenario 2
|
| Total Gross Monthly Income |
0
|
0
|
| Total Monthly Debt for Primary Residence |
0
|
0
|
| Gross Debt Service (GDS) Ratio |
0
|
0
|
| Total Debt Service Ratio |
Scenario 1
|
Scenario 2
|
| Total Gross Monthly Income |
0
|
0
|
| Total Monthly Debt |
0
|
0
|
| Total Debt Service (TDS) Ratio |
0
|
0
|
| Monthly Income Surplus |
Scenario 1
|
Scenario 2
|
| Total Gross Monthly Income |
0
|
0
|
| Total Monthly Debt |
0
|
0
|
| Monthly Income Surplus |
0
|
0
|
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Disclaimer
The two main calculations used to determine how much you can afford to borrow for a loan or a new home purchase
are the total debt service ratio (TDS) and gross debt service ratio (GDS).