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Gross debt service ratio (GDS)

With this mortgage calculator, the lenders ensure a percentage of gross income must not exceed the payment. The lenders use this ratio as one of determination factor for qualification on mortgage. The lenders usually ask for Gross Debt Service Ratio of thirty percent. Although the Gross Debt Service Ratio of this mortgage calculator is default at thirty percent, you can modify to any certain ratio.

Enter values that implies your situation
Gross Annual Income:	$
Monthly Obligations:	$
Annual Property Taxes:	$
Annual Home Insurance:	$
Gross Debt Service Ratio:	%

Mortgage Calculator Definition of Terms

Gross Annual Income

Contains the total amount of earnings without any deductions such as taxes.

Monthly Obligations

Includes car loan, student loan furniture loan, boat loan, credit card payment, child support, alimony, court judgements, and etc.

Annual Property Taxes

A tax levied by the local municipality or county on real and personal property.

Annual Home Insurance

The total amount paid for homeowners insurance.

Gross Debt Service Ratio

The ratio of the amount of your loan not to exceed mortgage payment.

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Information and calculation provided on this mortgage calculators website is for general purposes only. It is not intended to take the place of advice from your mortgage brokers.