With your annual income of 135444.71 and figure you already determined for a stress tested monthly mortgage payment and property tax of 255.86, calculate gross debt service ratio. Assume the cost of heating the home will be 201.85. Do you qualify to purchase this home based on GDS ratio? If not what is the income that would require?

total monthly GDS expenses __________

GDS ratio as a % / I.e 3.45% ___________

do they qualify on GDS? _______

part B of you consume debt servicing in the amount of 1032.63 per month. What is the TDS ratio? Do you qualify for the purchase based on this number? If No, what is the income required to qualify?

Total monthly TDS expenses_______

TDS ratio as a % I.e 3.45% _______

Do they qualify on TDS _________