Physician Mortgage Program
Rate & Payment Estimator
Rates as of April 2, 2026 · Subject to change daily
Loan Details
$
Your Estimated Rate
7.625%
APR 7.763% · 30-Year Fixed
No PMIPurchase Price$500,000
Down Payment (0%)$0
Loan Amount$500,000
Est. Monthly P&I$3,538.97/mo
Principal & interest only — excludes taxes, insurance, and HOA.
Estimated Lender Fees
Origination (1.000%)$5,000
Underwriting Fee$1,630
Total Lender Fees$6,630
The origination fee is a one-time charge at closing that covers loan processing and broker compensation. Third-party fees (title, escrow, recording) are not included and vary by transaction.
Disclosures
- Rates assume a 30-day rate lock and a primary residence purchase in Maryland. Rates are subject to change without notice.
- APR reflects the cost of credit expressed as a yearly rate, calculated using the actual loan amount and lender fees shown. Does not include third-party closing costs.
- Monthly payment is principal & interest only and does not include property taxes, homeowners insurance, or HOA dues.
- ARM products are 30-year fully amortizing loans indexed to the 30-day average SOFR with a 3.50% margin and floor. Rate adjusts every 6 months after the initial fixed period.
- A rate is not locked until a formal lock confirmation is issued in writing. All loans subject to credit approval, income verification, and property appraisal. Not a commitment to lend. Equal Housing Broker.
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