Gross Debt Service Ratio Calculator

A measure used to assess how much a borrower can afford for a debt is known as the gross debt service ratio. It is calculated by diving the total monthly payments and gross monthly income and multiplied by 100. This online calculator is used to find the GDSR with principal, property tax, heating cost and GMI.

GDSR Calculator

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GDSR Calculator Download App

A measure used to assess how much a borrower can afford for a debt is known as the gross debt service ratio. It is calculated by diving the total monthly payments and gross monthly income and multiplied by 100. This online calculator is used to find the GDSR with principal, property tax, heating cost and GMI.

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Formula:

GDSR = [( p + t + h ) / m ] *100 Where, GDSR = Gross Debt Service Ratio p = Principal and Interest t = Property Taxes h = Heating Costs m = Gross Monthly Income

Gross debt service ratio is usually expressed in percentage and the value should not exceed 32 %.

Example

Consider the principal and interest as 1000 $, property tax as 300 $, heating cost as 200 $ and GMI as 5000 $

GDSR = [( 1000+300+200 ) / 5000 ] * 100
        = ( 1500 / 5000 ) * 100
        = ( 3/10 ) * 100
Therefore, the GDSR Value is 30 %

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