Physician Loan Calculator – Calculate Your Physician Mortgage

Our physician loan calculator will help you estimate your monthly mortgage payments based on your loan amount, interest rate, and loan term.

Physician Loan Calculator

Use this calculator to estimate your monthly payment and debt-to-income ratio for a physician loan.

How to Use

Simply fill out all the fields with your loan details, interest rate, loan term, down payment, annual income, and other monthly expenses. Click the “Calculate” button to see your monthly payment and debt-to-income ratio.

How It Works

  • Loan Amount: The total amount of the loan you are seeking.
  • Interest Rate: The annual interest rate on the loan.
  • Loan Term: The number of years over which the loan will be repaid.
  • Down Payment: The amount of money you are putting down upfront.
  • Annual Income: Your yearly income.
  • Other Monthly Expenses: Your other recurring monthly expenses (e.g., utilities, insurance, etc.).

The calculator computes the monthly payment using the loan principal, interest rate, and loan term. It also calculates the debt-to-income ratio by comparing your monthly debt payments to your monthly income.


This calculator is a tool for estimation purposes only. It does not guarantee loan approval. Other factors may affect your eligibility, and actual loan terms may vary. Always consult with a financial advisor or your lender for exact terms and conditions.

Use Cases for This Calculator

Calculate Monthly Payments

Input the loan amount, interest rate, and term to instantly calculate your monthly payments. This feature allows you to plan your budget effectively and manage your financial commitments as a physician.

Compare Loan Scenarios

Test different loan amounts, interest rates, and terms to compare various loan scenarios side by side. This comparison feature empowers you to make informed decisions about selecting the best loan option for your needs.

Determine Total Interest Paid

Input your loan details to calculate the total amount of interest you will pay over the entire loan term. This insight helps you understand the cost of borrowing and motivates you to save on interest where possible.

Adjust Loan Term

Utilize the loan term slider to adjust the number of years for repayment according to your preferences. This flexibility enables you to see how changing the term affects your monthly payments and total interest paid.

View Amortization Schedule

Generate a detailed amortization schedule to see a breakdown of each monthly payment into principal and interest components. This feature helps you track your loan balance over time and understand how each payment impacts your debt.

Optimize Down Payment

Analyze the impact of different down payment amounts on your loan, monthly payments, and overall interest costs. This optimization tool allows you to find the right balance between down payment and loan amount for your financial goals.

Explore Refinancing Options

Enter your existing loan details to compare the potential savings from refinancing at a lower interest rate or shorter term. This feature assists you in evaluating whether refinancing your physician loan is a beneficial financial move.

Calculate Debt-to-Income Ratio

Input your income and existing debt obligations to automatically calculate your debt-to-income ratio. This essential financial metric helps you assess your borrowing capacity and make informed decisions about loan affordability.

Plan for Extra Payments

Visualize the impact of making extra payments towards your physician loan to see how it shortens the repayment term and reduces overall interest costs. This planning tool motivates you to accelerate debt payoff and save money on interest.

Share Results Easily

Share the calculated results via email or social media to discuss with your financial advisor, partner, or colleagues. This sharing feature facilitates collaboration and decision-making regarding your physician loan strategy.

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