Benefits and drawbacks away from physician mortgages As for settlement costs, which include financial fees, lawyer charge, term insurance, and you may taxation to mention a few, it mediocre regarding step three% of the financial amount. Quick idea: Good principle would be to remain all the casing-related can cost you in order to below 20% regarding revenues. Several other often-quoted signal is to try to curb your home loan so you’re able to 2 times you terrible yearly money. Shmuel Shayowitz, chairman and you may chief lending manager at the Recognized Financial support, cautions that just as a health care professional financial is present, it’s important for brand new medical professionals to carefully envision all of their selection prior to getting that.