Canadian Mortgage Advisor
8-8 Strathearn Avenue
Greater Toronto Area , ON , L6T 4L9 Canada
1-416-930-1225

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Helping GTA Homeowners find a mortgage that is right for them
Call Us: 1-416-930-1225

Debt Ratio Calculator – TDS (Total Debt Ratio) and GDS (Gross Debt Ratio)

Insured Mortgages are restricted by many regulations and practices. Two most famous of them are GDS and TDS.

GDS and TDS are used as eligibility criteria to qualify a borrower seeking a mortgage loan.

  1. GDS – Gross Debt Service Ratio
  2. TDS – Total Debt Service Ratio

GDS requirement sometime may be exempted for credit worthy (higher credit score) borrowers at the lenders discretions.

For low ratio (LTV less than 80%) loans the GDS or TDS ratio may be different depending on the lender.

Ratio Components Value
GDS
– Gross debt service ratio
  1. Principal 
    payments
  2. Interest payments
  3. Property taxes
  4. Heating costs
  5. 50% of applicable
    condominium fees
Up to 32% of the gross
household income.
TDS
– Total debt service ratio
  1. Principal 
    payments
  2. Interest payments
  3. Property taxes
  4. Heating costs
  5. Annual site lease in
    case of leasehold tenure
  6. 50% of applicable
    condominium fees
  7. All Loan payment
    (credit cards, student loan, credit lines etc.)
Up to 40% of the gross
household income.
Debt Ratio Calculator - TDS and GDS

Income & Expenses information


Your Gross Annual Income: (Dollars) Before tax.
Price of Property: (Dollars)
Interest Rate: %
Amortization Period: years
Maintenance:
Assessed Value of Home: (Dollars)
The municipal assessed (MPAC in Ontario) value is used to calculate property taxes.
Property Tax Rate: (Annual %) Property tax rates vary between provinces and cities.
Condo/Monthly Fee(s): (Dollars)
Home Insurance: (Dollars Per Month)
Electricity Cost: (Dollars Per Month)
Heating cost: (Dollars Per Month)
Water: (Dollars Per Month)
Debt (Long Term):
Student Loan: (Dollars Per Month)
Other Loan: (Dollars Per Month)
Debt (Credit):
Credit Card: (Dollars Per Month)
Credit Line: (Dollars Per Month)
Other:
Gas, Grocery: (Dollars Per Month)
Other: (Dollars Per Month)
 

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About Us

Sudip Adhikari.
Agent License #M10001082
Broker Mortgage Diligent -
Head Office -1305 Matheson Blvd East, Mississauga, ON L4W 1R1
FSCO #10252 O.A.C , E&OE

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