Monthly mortgage payment:
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Monthly property tax:
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Monthly strata fee:
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Monthly heating cost:
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Monthly loan payment(s):
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Monthly line of credit payment(s):
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Monthly credit card payment(s):
*
Gross monthly income:
*
Most lenders use a calculation referred to as your Total Debt Service Ratio (TDSR) to determine how much you can afford. Typically they do not like to see this ratio above 40%. They calculate TDSR by taking all housing costs and other debts and dividing it by your gross income. Your gross income is your salary or earned income before taxes.
