Advantages and disadvantages out of doctor mortgages For closing costs, which includes lender fees, lawyer charges, identity insurance coverage, and you will taxation to mention a few, they average in the step 3% of one’s financial amount. Short idea: A good rule of thumb would be to remain all houses-related will cost you so you can less than 20% away from revenues. Some other will-cited laws would be to restrict your home loan in order to two times your gross yearly income. Shmuel Shayowitz, president and you may master lending officer during the Accepted Resource, cautions that just because the a doctor financial can be acquired, it’s important for new doctors to carefully envision almost all their choices prior to getting one.