← Honed Money

A doctor loan skips the PMI. Is it worth the rate?

Compare a physician mortgage against a conventional loan — monthly payment, PMI, total cost, and your debt-to-income ratio.

The home

01 / HOME
$
%
Loan amount$0

The rates

02 / RATES
%
%
$

PMI applies to the conventional loan only when the down payment is under 20%.

30 years

You

03 / BORROWER
$
$
$
Debt-to-income (doctor loan)—
Email my results

Calculate your plan to activate the email and copy buttons. Your entries stay in this tab and are not saved.

Doctor loan or conventional?

Enter the home price, both rates, and your debts — see which loan costs less each month and over the full term.

Last reviewed: October 2026.

What's next?

Honed Money provides calculators and educational information for general purposes only. It is not financial, tax, legal, investment, or insurance advice. Estimates are based on the information you enter and the assumptions shown. Actual results will vary. For taxes, retirement, and government benefits, verify with IRS.gov, SSA.gov, or VA.gov. We don’t sell financial products and aren’t paid for calculator results. Use at your own risk.