CMHC Household Budget Calculator

SUMMARY
Your family's total combined monthly take-home pay (net income) $ 7,000
Your family's monthly expenses $ 2,754
Balance $ 4,247

GDS and TDS

Mortgage Professionals use two common ratios Gross Debt Service (GDS) and Total Debt
Service (TDS) to determine if borrowers can afford their obligations.

Gross annual income $ 120,000

GDS
The amount required to cover housing costs such as your mortgage payment, taxes, half of any condo
fees (if applicable), and heating expenses should not be more than 32% of your gross household 9%
monthly income.

TDS
The amount required to cover other household costs and debts such as car loans and credit card
payments should not be more than 40% of your gross household monthly income. 9%

EXPENSE DETAILS
Housing Budgeted Amount
Mortgage/Rent $ 864
Property Taxes $ -
Heating $ -
Utilities $ -
Condo Fees $ -
Maintenance/Other $ -
Total $ 864

Communications Amount
Cable/Satellite TV $ -
Internet $ 30
Home Telephone $ -
Mobile Device(s) $ 150
Other $ -
Total $ 180

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 Household Amount
Groceries $ 250
Child/Elderly Care $ -
Support/Alimony $ -
Tuition/School Activities $ -
Clothing/Grooming $ 100
Pet Care/Other/Gifts $ -
Total $ 350

Entertainment Amount
Dining Out $ 150
Movies, Concerts, Sports, Festivals $ 65
News, Magazines, Books, Etc. $ -
Hobbies, Memberships, Etc. $ -
Other $ -
$ 215

Financial Amount
Savings and Investments $ -
Loans, Lines of Credit $ -
Credit Cards $ -
Charitable Donations $ -
Other $ -
Total $ -

Insurance Amount
Property $ -
Vehicles $ 295
Life/Disability $ -
Other $ -
Total $ 295

Medical/Health Amount
Prescriptions $ -
Dental $ -
Eyewear $ -
Therapy $ -
Other $ -
Total $ -

Transportation Amount
Vehicle Loan/Lease Payments $ -
Vehicle Gas and Maintenance $ 200
Parking $ 75
Public Transit $ 50
Other $ -
Total $ 325

Total Monthly Expenses $ 2,229

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 CMHC’s Household Budget Calculator is for general illustrative purposes only. CMHC does not
guarantee the accuracy, reliability or completeness of any information, formulas or calculations provided
through the use of this calculator and accepts no liability for loss or damage of any kind that may be
attributed to the use of this tool.

CMHC Household Budget Calculator Visit CMHC.ca 3 / 10

 Actual Amount (% of Total)
$ 864

$ 864 39%

(% of Total)

$ 30

$ 140

$ 170 8%

CMHC Household Budget Calculator Visit CMHC.ca 4 / 10

 (% of Total)
$ 147

$ 191
$ 765
$ 1,103 16%

(% of Total)
$ 164

$ 164 10%

(% of Total)

$ - 0%

(% of Total)

$ 295

$ 295 13%

(% of Total)

$ - 0%

(% of Total)

$ 42
$ 96
$ 20

$ 158 15%

$ 2,754 100%

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 Carry forward
from Last Month
$316

CMHC Household Budget Calculator Visit CMHC.ca 6 / 10

 SUMMARY
Your family's total combined monthly take-home pay (net
$ 9,350
income)
Your family's monthly expenses $ 5,195
Balance $ 4,155
GDS and TDS
Mortgage Professionals use two common ratios Gross Debt Service (GDS) and Total Debt Service (TDS) to determine if borrowers can affor
Gross annual income $ 170,000
GDS 16%
heating expenses should not be more than 32% of your gross household monthly income.

TDS 20%
it card payments should not be more than 40% of your gross household monthly income.

EXPENSE DETAILS
Housing Budgeted Amount
Mortgage/Rent $ 1,800
Property Taxes $ 420
Heating $ -
Utilities $ 450
Condo Fees $ -
Basement Rental Income -$ 750
Maintenance/Other $ 100
Total $ 2,020

Communications Amount
Cable/Satellite TV $ 30
Internet $ 75
Home Telephone $ 5
Mobile Device(s) $ 60
Other $ -
Total $ 170

Household Amount
Groceries $ 650
Child/Elderly Care
Support/Alimony $ -
Cook $ 120
Clothing/Grooming $ -
Pet Care/Other/Gifts $ -
Total $ 770

Entertainment Amount
Dining Out $ 200
Movies, Baby shopping, gifts, misc household items, Festivals $ 150
News, Magazines, Books, Etc. $ -
Hobbies, Memberships, Subscriptions Etc. $ 100
Other $ -
$ 450

Financial Amount
Savings and Investments $ 200
 Loans, Lines of Credit $ -
Credit Cards $ -
Monthly govt contribution -$ 160
Other $ -
Total $ 40

Insurance Amount
Property $ 40
Car $ 230
Parents Insurance $ 275
Other $ 100
Total $ 645

Medical/Health Amount
Prescriptions $ 50
Dental $ -
Eyewear $ -
Therapy $ -
Other $ -
Total $ 50

Transportation Amount
Vehicle Loan/Lease Payments $ 550
Vehicle Gas and Maintenance $ 250
Parking $ 250
Public Transit $ -
Other $ -
Total $ 1,050

Total Monthly Expenses $ 5,195

e (TDS) to determine if borrowers can afford their obligations.

Actual Amount (% of Total)

$ - 39%

(% of Total)

$ - 3%

(% of Total)

$ - 15%

(% of Total)

$ - 9%

(% of Total)
$ - 1%

(% of Total)

$ - 12%

(% of Total)

$ - 1%

(% of Total)

$ - 20%
Balance
$ - 100% $ 5,195.00

Carry forward from Last Month

Carry Forward to Next Month $ 5,195.00