Deal Vetting
Enter what the realtor gives you: price, down payment and the clients’ numbers. See GDS/TDS at the qualifying rate, which lenders the file fits, and whether paying debts from the sale proceeds gets it there.
The deal
$
$
%
Borrowers
$/ yr
$/ yr
$/ yr
Already grossed up or haircut as the lender would.Housing costs
$/ yr
$/ mo
$/ mo
Debts
TypeBalanceMonthly paymentProceeds
Leave the payment blank on credit cards and lines of credit to use 3% of the balance. Tick “Pay from proceeds” to clear the debt from the proceeds of sale (or savings) at closing: it drops out of TDS and its balance is added to the funds needed.
Funds
$
After paying out the current mortgage and selling costs.$
$
$
GDS0%
TDS0%
Where this file lands
| Lender type | GDS / TDS limit | Credit | Fit |
|---|
Mortgage
Monthly housing and debts (qualifying)
Funds to close
How far can this file stretch?
| At these limits | Max price (same down payment $) |
|---|
Private working tool. Lender limits are typical guidelines; confirm with the lender before quoting a client. Rental income, gross-ups, and lender-specific heating minimums are not modelled.