The TDS and GDS Calculator is a valuable tool that illustrates how each of these ratios works and how they impact your ability to borrow. By using this calculator, you can gain clarity on your financial health and make informed decisions about your borrowing options.
TDS and GDS Calculator
Discover how Total Debt Service and Gross Debt Service ratios work.
The TDS ratio measures the percentage of your gross income that goes toward paying off all of your debt obligations. This includes not just housing-related expenses like your mortgage, property taxes, and utilities, but also any other debts you may have, such as credit cards, car loans, and student loans. It’s a comprehensive look at your total debt load. On the other hand, the GDS ratio focuses exclusively on housing-related expenses, showing what percentage of your gross income is dedicated to your home costs. This gives a more specific view of how much you’re spending on your living situation alone.
TDS and GDS Calculator
Calculators are available in English and French.
Visualize your financial situation
For financial professionals, the TDS and GDS Calculator offers an easy way to provide clients with a clear, personalized understanding of their borrowing capacity. By breaking down these ratios, advisors can help clients visualize their current financial situation and gain a better understanding of how much debt they can afford without stretching their budget too thin.
Simulate Scenarios
When working with clients, advisors can use TDS and GDS calculators to simulate various scenarios and demonstrate the impact of different financial decisions.
Guiding Clients
With this tool, you can guide clients through the process of determining a comfortable and sustainable level of debt based on their unique circumstances. Whether they are looking to purchase a new home, refinance, or make other significant financial decisions, the TDS and GDS Calculator provides an accurate, insightful foundation for making smart choices.
Ultimately, these ratios are not just numbers—they represent a strategic, intentional approach to managing debt and ensuring financial stability. By using the TDS and GDS Calculator, you empower your clients to make confident, informed decisions, giving them the clarity they need to move forward with financial goals that are both achievable and sustainable.
Additional calculators to help with your planning include:
• Loan Calculator
• Debt Consolidation
• Pay Down Debt or Invest
The calculator can be viewed for free up to five (5) times on this site.
To use the full-featured versions of these calculators in FreshPlan, please contact us.
Companion Infographic
The Debt Service Ratios infographic illustrates how both approaches are used by financial institutions to determine how much one can afford and manage to borrow. By grasping these ratios, borrowers can better understand their financial standing and make informed decisions, which is essential for securing a mortgage that fits their budget and lifestyle. This infographic is the perfect companion to the TDS and GDS Calculator.
Features
Consumer-facing and Accessibility
These consumer-facing financial calculators can be embedded in your web site quickly and easily. Complies with web accessibility standards.
Responsive
Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.
Full Branding
Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.