GDS and TDS Ratio Calculators1
| Descriptions | Amount | |
|---|---|---|
| 1. | Enter a monthly mortgage amount (reimbursement of capital and interest)2. |
$___________ |
| 2. | Heating costs Property tax + school taxes 50% of condominium fees (if applicable) |
+ $___________ + $___________ + $___________ = $___________ |
| 3. | Divide the fee total by your gross monthly income. | ÷ $___________ = __________% |
| Descriptions | Amount | |
|---|---|---|
| 1. | Total amount of monthly fees from the above table | $___________$ |
| 2. | Car loans 3% of your credit card limit and 3% of your line of credit limit Other debts and fixed monthly fees |
+ $___________ + $___________ + $___________ = $___________ |
| 3. | Divide the fee total by your gross monthly income. | ÷ $___________ = __________% |
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1. Additional information and documentation may be requested at Laurentian Bank’s sole discretion for the approval of the loan. Laurentian Bank reserves the right to restrict approvals on applications that do not meet the Office of the Superintendent of Financial Institutions’ (OSFI) defined Loan to Income (LTI) ratio.
2. This amount is fictitious and can be adjusted until the final outcome is close to 32%.
