Physician Loan Calculator
A physician loan calculator helps medical professionals evaluate doctor financing and calculate payments. Calculate physician loan costs, interest rates, and repayment schedules for medical professionals, residents, fellows, and practicing physicians.
Physician Loan Calculator
Use this calculator for doctor loans, medical professional loans, and physician mortgages.
Results:
| Monthly Payment | $4,438.00 |
| Total Interest | $947,680.00 |
| Total Amount Paid | $1,597,680.00 |
| Loan Amount | $650,000.00 |
| PMI Savings | $325.00/month |
| Debt-to-Income Ratio | 81.6% |
| Future Income Potential | $280,000 |
| Physician Loan Eligibility | Qualified |
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| View Amortization Schedule | |
Medical Student Loan Calculator
Calculate medical student loan payments and debt management strategies for medical professionals.
Results:
| Monthly Payment (Standard) | $3,448.00 |
| Monthly Payment (Income-Driven) | $542.00 |
| Total Interest (Standard) | $113,760.00 |
| Total Interest (Income-Driven) | $185,200.00 |
| Interest Savings (Standard) | $71,440.00 |
| Debt-to-Income (Current) | 63.6% |
| Debt-to-Income (Future) | 14.8% |
| Loan Forgiveness Potential | $0 |
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| View Student Loan Analysis | |
Medical Practice Loan Calculator
Calculate medical practice loan payments and financing options for practice acquisition and equipment.
Results:
| Practice Loan Payment | $8,380.00 |
| Equipment Loan Payment | $1,850.00 |
| Total Monthly Payment | $10,230.00 |
| Total Interest (Practice) | $325,600.00 |
| Total Interest (Equipment) | $72,000.00 |
| Cash Flow Impact | 10.2% of Revenue |
| Practice Valuation | $850,000 |
| ROI Potential | 18.5% |
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| View Practice Analysis | |
Understanding Physician Loans
Physician loans provide specialized financing for medical professionals with unique benefits and qualification criteria. Understanding physician loan types, benefits, and requirements helps medical professionals make informed financing decisions.
| Career Stage | Typical Income | Loan Amount | Down Payment | Best Loan Type |
|---|---|---|---|---|
| Medical Resident | $50-70k | Up to $1M | 0-5% | Physician mortgage |
| Fellow | $60-80k | Up to $1.5M | 0-5% | Physician mortgage |
| New Attending | $200-400k | Up to $2M | 0-10% | Physician mortgage |
| Established Physician | $300-600k | Up to $3M | 5-20% | Conventional or physician |
Physician Loan Benefits
Physician loans offer unique advantages designed specifically for medical professionals and their career paths.
Physician Loan Advantages
| Benefit | Physician Loan | Conventional Loan | Advantage |
|---|---|---|---|
| Down Payment | 0-10% | 10-20% | Lower upfront cost |
| PMI Required | No | Yes (if <20% down) | Monthly savings |
| Student Loan DTI | Excluded/reduced | Fully counted | Higher qualification |
| Income Verification | Contract accepted | 2-year history | Easier qualification |
Medical Student Loan Management
Medical professionals face unique student loan challenges requiring specialized repayment strategies and forgiveness options.
Student Loan Repayment Options
| Repayment Plan | Payment Calculation | Forgiveness | Best For |
|---|---|---|---|
| Standard | Fixed 10-year | No | High income, fast payoff |
| Income-Driven (IDR) | 10-20% of income | 20-25 years | Residents, low income |
| PSLF | Income-driven | 10 years | Public service employment |
| Refinancing | Market rates | No | High income, good credit |
Physician Loan Benefits and Considerations
Physician loans offer unique advantages and considerations for medical professionals at different career stages.
Benefits and Considerations
- Benefits: No PMI, low/no down payment, student loan DTI exclusion, contract income acceptance
- Physician Advantages: Specialized underwriting, career-stage flexibility, high loan limits, competitive rates
- Best For: Medical residents, fellows, new attendings, practice acquisition, medical equipment
- Considerations: Higher rates than conventional, limited lenders, specialty restrictions, income requirements
- Student Loan Strategy: Income-driven repayment, PSLF eligibility, refinancing timing, forgiveness options
- Practice Financing: Equipment loans, working capital, practice acquisition, partnership buy-ins