Results update as you type. Use the arrow keys to review suggestions and Enter to open one.
Physician Loan Calculator
Physician loan programs exist because standard underwriting handles new doctors badly: large student loan balances, a signed contract instead of pay history, and little saved for a down payment after training.
The trade is usually a slightly higher rate in exchange for no mortgage insurance and a much lower down payment. Whether that's worth it depends on the numbers below.
Your numbers
Your results
Physician loan costs less
$24,225
Over 7 years, including down payment
- Physician monthly payment
- $3,405
- Conventional monthly payment
- $3,381
- Cash kept up front
- $26,250
- Student loan payment used — standard
- $2,400
- Student loan payment used — physician program
- $960
- DTI capacity freed
- $1,440
No monthly mortgage insurance
Includes mortgage insurance
Physician vs conventional down payment
Roughly 1% of balance
Income-driven treatment
Monthly qualifying room
| Physician | Conventional | |
|---|---|---|
| Down payment | $0 | $26,250 |
| Rate | 6.75% | 6.5% |
| Mortgage insurance | None | $229 |
| Monthly payment | $3,405 | $3,381 |
| 7-year total | $286,032 | $310,257 |
What happens if you change this
The physician loan keeps $26,250 in your pocket at closing and carries no mortgage insurance, but the rate is 0.25% higher. Over 7 years, the physician loan costs $24,225 less. The other half of the story is qualifying: treating $240,000 of student debt at an income-driven payment instead of 1% of balance frees roughly $1,440 of monthly capacity, which can be the difference between approval and denial.
Ready for real numbers?
Estimates get you oriented. A pre-approval gets you an offer sellers take seriously.
Related calculators
- Mortgage Payment CalculatorSee your full monthly payment — principal, interest, taxes, insurance and mortgage insurance — not just principal and interest.
- FHA vs Conventional CalculatorCompare both programs on the same house — payment, cash required, and what mortgage insurance really costs over time.
- Debt-to-Income CalculatorFind your front-end and back-end ratios — the single biggest factor in what you'll be approved for.
- Home Affordability CalculatorWork backwards from your income and comfortable payment to the price range that actually fits.
Questions people ask
- Who qualifies for a physician loan?
- Typically MDs, DOs, dentists, and in many programs residents, fellows, and certain other clinicians. Eligibility and terms vary by program.
- Can I use an employment contract to qualify?
- Often yes, with a signed contract and a defined start date within program limits. It's one of the main advantages of these programs for relocating physicians.
Estimates for education only — not a loan approval, rate quote, or commitment to lend. Actual figures depend on credit, property, program guidelines, and market conditions at the time of lock. Corie Adams · NMLS #1875205 · Network Funding, LP · NMLS ID #2279 · Equal Housing Opportunity.