401  TEAM

401 TEAM

Real Estate Team

Royal LePage Ignite Realty Brokerage*

(416) 655-4040
(416) 282-3333
Email Me
401  TEAM

401 TEAM

Real Estate Team

Royal LePage Ignite Realty Brokerage*

(416) 655-4040
(416) 282-3333
Email Me

How Much Mortgage Can I Afford? - Income mortgage calculation

* This scenario is for those who are looking to buy a home under $500,000.00. Please consult a mortgage professional to determine how much you qualify for before any purchase.

This example is based on total household gross income of $100,000.00

GDS - Gross Debt Service Ration
Accounts for housing cost
The following can be attributed to GDS:
  1. Mortgage (principle + interest)
  2. Property Tax
  3. Heat
  4. 1/2 of Condo Fee
TDS Total Debt Service Ratio
Accounts for housing cost and other debts
TDS = GDS (housing cost) + Other debts
$100,000 of Mortgage with stress test would need $600 to service per month
Assuming the house hold gross (pre-tax) income is $100,000
= $100,000 X 39% = $39,000 (per year)
= $39,000 / 12 (months)
= $3,250
Out of the GDS of $3,250 subtract the following:
$ 120 - For Heat (standard number used by lenders)
$ 350 - Property Tax ( can be more or less depending on where you are buying)
= $2,780 - The total amount left to service mortgage
We know that for a $100,000 mortgage we need $600 of GDS income. So therefore dividing $2,780 by $600 and then multiplying that by $100,000 would give us the maximum mortgage.
= 4.63 X $100,000
TDS 44% (housing cost + other debts)
Since we already have the housing cost (39%) already figured out, we know that 5% (44%-39%) will go towards other debts.
5% of $100,000
= $5,000/ Year or $416/month
If this calculation is by any means confusing, please give us a call. 401Team helps you buy and sell homes in Greater Toronto Area. We have team members specializing in Durham and Peel Region.
☎️ Ragu Rajaguru- 416.712.2006
Real Estate Broker, ABR, SRS
☎️ Shan Perinpanathan - 416.655.4040
Real Estate Broker, ABR, SRS
☎️ Ragu Paramsothy- 416.731.7148
Real Estate Broker, B.Sc
Real Value and Results that MOVE You!
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(416) 655-4040


(416) 282-3333



Shan Perinpanathan 401Team

Real Estate Broker, ABR, SRS, CSP Elite™ Agent
Direct: 416.655.4040
Email: shan@401team.com
As an interior designer, renovator, artist, IT professional, Business Manager and experienced Realtor, I have the unique abilities and skills that can help any seller or buyer to make best sound decisions. With a through understanding of the current market and past/present trends, I help my clients make the real move and sell for the best price possible. I have extensive experience with multiple offer/bidding war situations and have helped my clients obtain their dream homes stress-free.
I have lived in Mississauga for 20 years, Brampton for 6 years and finally transitioned to Oshawa, calling Taunton community my home. In my career, I have helped my clients buy and sell homes throughout the Greater Toronto Area, specializing in preconstruction Condos and local market homes for sale. Brampton, Mississauga, Toronto, Pickering, Ajax, Whitby, Bowmanville or Oshawa homes for sale, we have access to major inventory on or off market. We pride our services on delivering professional results every time and developing honest relationships with all our clients. So go ahead and make that call, see what makes us different in the real estate industry. 

Ragu Rajaguru 401Team
Real Estate Broker, ABR, SRS
Direct: 416.712.2006
Email: ragu@401team.com
Real Estate is not only a Career for me but a true Passion!
From earlier on when I embarked in my first career in Human Resource, I quickly realized the importance of VALUE!
When I  started to pursue my passion in Real Estate, I quickly realized the importance of giving value. I realized the importance of providing a knowledgeable, valuable and integrity oriented service.
What better way to provide this to my clients than  joining a team that mirrored my aspiration and belief!
I take pride living in Oshawa and servicing the local market and surrounding areas. Being an Oshawa Real Estate agent for many years, I have knowledge about the communities and the growing developments throughout the city.
Let’s work together! Please contact us today.


Specialty: Residential, Commercial, Pre-Construction; | Oshawa homes for sale | Brampton homes for sale | Mississauga homes for sale | Ajax homes for sale | Pickering homes for sale | Toronto condos for sale | New Condos For Sale |

Experience: 21 Years Experience - Team

Awards: Red Diamond Award 2019

Area Covered: Durham & Peel Region

Languages Spoken: English, Tamil