Shaun and Camila are refinancing their mortgage. In order to do so, they need to meet with the bank to run through some ratios. They are quite nervous as their credit score is not the greatest so they are hoping that the ratio calculation helps them in securing the refinancing. Calculate their Total Debt Service (TDS) ratio based on the following information:

Shaun's annual gross salary: $90,000
Camila's annual gross salary: $91,000
Monthly mortgage payment: $2,150
Annual property taxes: $2,400
Monthly heating: $160
Annual condo fees: $600
Shaun's monthly student loan: $70
Camila's monthly car loan: $125
Monthly furniture loan: $30

What is their Total Debt Service (TDS) ratio?
1) 18%
2) 20%
3) 35%
4) 32%
5) 25%