• Dalia is 29, has been working full time for five years and wants to buy a condo
• Her cash flow is presented below
• The total projected heat, property tax, and 50% strata fees are $440 a month
• Assume max GDSR is 30% and TDSR is 40%
• The qualifying mortgage rate is 4% compounded semi-annually with 25 years amortization

Cash Flow
Gross monthly income	4,833
Net monthly income	3,400
Expenses:
Rent	700
Groceries/Food	400
Car loan payment	700
Misc. living expenses	1,000
RRSP savings	100
TFSA savings	300
Net cash flow	200

GDSR = 0.3 = (property tax + heat + 50% strata fees + mtg payment) / gross monthly income

TDSR = 0.4 = (property tax + heat + 50% strata fees + debt payments + mtg payment) / gross monthly income

Answer in the spaces below. Round all answers to the nearest whole number. Do NOT input any $, commas, or decimals.

The monthly mortgage payment according to GDSR is

The monthly mortgage payment according to TDSR is

The maximum mortgage amount she can qualify for is

The maximum condo purchase price she can afford based on 20% down payment is