Doctor Loan Mortgage Calculator: Payment & PMI Savings
Estimate your monthly physician mortgage payment with your own quoted rate—and see the PMI you avoid with a doctor loan.
Loan Details
No PMI required with physician loan
Enter the interest rate from your own loan quote. We do not pre-fill or suggest rates — your actual rate depends on your credit, loan amount, and market conditions.
Enter Your Interest Rate
Type the rate from your own loan quote in the Interest Rate field to see your estimated monthly payment. We never assume a rate for you.
What This Doctor Loan Calculator Estimates
A doctor loan mortgage calculator estimates your monthly payment from four inputs: home price, down payment percentage, loan term, and the interest rate from your own quote. Because physician mortgage loans never charge private mortgage insurance (PMI), the calculator also shows the PMI cost you avoid compared to a conventional loan with the same down payment.
One important note: this tool does not pre-fill or suggest an interest rate. Rates are personal — they depend on your credit profile, loan amount, property type, and the market on the day you lock. Enter the rate from your own loan quote and the estimate will reflect your actual situation. If you do not have a quote yet, you can get pre-qualified in about two minutes.
How a Physician Loan Payment Differs from a Conventional Payment
- No PMI, ever. Conventional loans add private mortgage insurance whenever you put down less than 20%. Physician loans skip PMI entirely — even at 0% down — which can lower the monthly payment on an identical home. See our physician mortgage vs. conventional loan comparison for the full breakdown.
- Student loans are treated differently. Physician loan underwriting can exclude deferred student loans from your debt-to-income ratio, or count only your actual income-driven repayment amount. That changes how much home you qualify for — our student loan DTI guide explains exactly how lenders calculate it.
- 100% financing up to $2,000,000. Qualified MDs, DOs, dentists, veterinarians, pharmacists, podiatrists, and CRNAs can buy with zero down. Residents can qualify too — see how much house a resident can afford.
Curious what drives the rate side of the equation? Read what drives physician mortgage rates in 2026.
Doctor Loan Calculator FAQs
How does a doctor loan mortgage calculator work?
A doctor loan mortgage calculator estimates your monthly payment from four inputs: home price, down payment percentage, loan term, and the interest rate from your own loan quote. Because physician loans do not charge PMI, the calculator also shows the mortgage insurance cost you avoid compared to a conventional loan with the same down payment.
Why do I have to enter my own interest rate?
Mortgage rates are personalized. Your rate depends on your credit profile, loan amount, property type, and market conditions on the day you lock. Rather than showing a made-up number, this calculator asks for the rate from your own quote so the estimate reflects your actual situation.
How is a physician mortgage payment different from a conventional payment?
Two ways. First, physician loans never require private mortgage insurance (PMI), even with 0% down, while conventional loans add PMI whenever you put down less than 20%. Second, physician loan underwriting can exclude or reduce deferred and income-driven student loan payments from your debt-to-income ratio, which raises how much home you can qualify for.
How much can I borrow with a physician loan?
Physician loan programs allow 100% financing (zero down) on loan amounts up to $2,000,000 for qualified borrowers. Eligible professions typically include MDs, DOs, dentists, veterinarians, pharmacists, podiatrists, and CRNAs. Residents and fellows can qualify, and employment offer letters can be used in place of pay stubs.
Does this calculator include property taxes and insurance?
Yes. The estimate includes principal, interest, property taxes, and homeowners insurance. You can adjust the property tax rate for your state and the annual insurance amount to match your quote. It does not include HOA dues, which vary by property.
Why Use a Physician Mortgage?
0% Down Payment
Buy a home with no down payment on loans up to $1M+. Keep your savings for other investments.
No PMI Ever
Avoid private mortgage insurance entirely, even with less than 20% down. PMI can add hundreds of dollars to a conventional payment.
Student Loans Excluded
Your student debt won't count against your debt-to-income ratio like it does with conventional loans.
Ready for a Personalized Quote?
Get pre-qualified in minutes with no impact to your credit score.
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