See estimated monthly payments, interest, and more with our physician mortgage loan calculator below. You can also get customized quotes from doctor mortgage lenders if you're a physician, dentist, veterinarian, or another professional with graduate training.

Physician Mortgage Calculator

Purchase Price

When Will You Start Payments?

Term (Years)

Interest Rate (%)

Household Income (Post Training)

Down Payment

Want to enter your estimate of taxes, insurance, and maintenance?

Physician Mortgage Loan Amount
Total Interest Paid $126,601.83
Total Paid $226,601.83
Your Monthly Payment $668.85
Payoff Date
Housing Expense as % of Income
Hide Amortization Schedule

Get Quotes for Your Doctor Mortgage

What mortgage product do you need?

Step 1: Job
Step 2: Home
Step 3: Your Info

Your Occupation


Home Price Range

Preferred Down Payment

Stage You're At in the Home Buying Process

When Do You Want a Mortgage Approval?

How Many Banks Would You Like Quotes From?

Any Bankruptcies or Short Sales?


Full Name


Phone Number

State Where You Plan to Purchase

Metro Area Where You Plan to Purchase

Citizenship Status

Communication Preference

Would You Like to Add Any Additional Details?


Physician mortgage loans — also called physician loans or doctor mortgage loans — started with a focus on Medical Doctors (M.D.) and Doctors of Osteopathic Medicine (D.O.), but now banks offer this kind of home loan to a wider population than ever before.

Physician loans can be a great product if you itemize your tax returns, have a lot of student loan debt you need to pay back or believe you can earn more in investing than paying down 4% to 7% debt.

Physician mortgages generally do not require a 20% down payment, and some lenders don't require a down payment at all. Another advantage is: physician loans generally do not require borrowers to pay private mortgage insurance (PMI). However, you may pay a higher interest rate for a physician loan compared to conventional loans.

How to use the Physician Loan Calculator

Using Physician Loan Calculator is simple and very similar to using a traditional mortgage calculator. Just follow these steps:

  1. Purchase Price – Enter the price of the property. Do not subtract the down payment.
  2. When Will You Start Payments? – Enter the date of your first payment.
  3. Term. Enter the term length of your loan (30 years is the most common value.)
  4. Interest Rate. Enter the interest rate for your loan. Feel free to change this input to whatever rate you believe you could be quoted in the present market.
  5. Household income. Enter the total income of all borrowers, including a spouse's income, if applicable.
  6. Down Payment. Select your down payment amount from the options given or enter a custom value.
  7. Choose “No” or “Yes” if you want to enter your estimate of property taxes, insurance and maintenance.

The calculator will then output estimates for the loan amount, total interest paid, total payments, monthly mortgage payment, payoff date and housing expense as a percentage of your income.