1. Inputs:
2. Principal & Interest (PI): Main components that make up every mortgage payment (remember to add previous mortgages (1st,2nd ...) to the total.
3. Property Tax (T): Total of your property taxes.
4. Heating Cost (H): Heating cost for the subject property.
5. Condo Fees (C): The condo maintenance fees if applicable.
6. Other Debts (O): Such as loan payments, other mortgage payments, credit card payments, child support payments, alimony payments or any other payments which, if discontinued, would result in a balance owing.
7. Gross Income (G): An individual’s total earnings before taxes.
8. Radio Buttons:
9. Each input has a radio button to select whether the amount is entered monthly or annually.
10. Calculations:
11. TDS (Total Debt Service - ≤44% is allowed as industry standard) and GDS (Gross Debt Service - ≤39% is allowed as industry standard) will be calculated based on the provided information.

Call us if you need help and guidance for these parameters and seek consultation for financial decision making.