Property & assumptions

Shared by every loan scenario below.

Statewide average — override with your county's rate.

Used for the down-payment opportunity-cost analysis.

Extra payments (optional)

Applied to principal on every loan scenario below, starting month 1.

Taxes, insurance, and HOA continue for the full loan term regardless — only the loan itself pays off faster.

Loan scenarios

Rates are editable estimates — enter your actual lender quotes. Physician rates typically run 0.125–0.25% above conventional.

Physician loan · no PMI
Conventional

PMI applies under 20% down and drops automatically at 78% of original value.

Consult summary

Side-by-side comparison

Visual comparison

Monthly payment breakdown (PITI)

Remaining loan balance over time

Cumulative cost, incl. invested down-payment difference

Amortization schedules

Year-by-year detail per loan. Interest, principal, and mortgage insurance are annual totals.

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Disclaimer. This calculator is an educational model, not financial, tax, or lending advice. Property tax figures are statewide average effective rates and vary widely by county. Rates, PMI/MIP pricing, and loan terms are estimates — verify every number with your lenders and a qualified advisor before making decisions.