Jumbo Loan Calculator

Calculate payments for high-value property loans

Property & Loan
Jumbo Details
Jumbo Loan Summary
Loan Amount: $0.00
Monthly Payment: $0.00
Total Interest: $0.00
Total Cost: $0.00
2026 Conforming Limit
$766,550 for most areas. Higher in high-cost counties (up to $1,149,825). Loans above these limits are "jumbo."

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What is a Jumbo Loan?

A jumbo loan (or non-conforming loan) is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In 2026, the baseline limit is $766,550 for most areas, though high-cost counties have higher limits.

Because jumbo loans cannot be purchased by Fannie Mae or Freddie Mac, they carry more risk for lenders and typically have stricter qualification requirements and slightly higher interest rates.

How to Use This Calculator

Step 1: Enter the home purchase price.
Step 2: Input your down payment (typically 10-20% for jumbo).
Step 3: Enter the interest rate offered.
Step 4: Select loan term.
Step 5: Click "Calculate Jumbo Loan" to see payment details.
Step 6: Verify jumbo status and review total costs.

Jumbo Loan Requirements

  • Higher Credit Scores: Typically 700+ required, 720+ preferred.
  • Larger Down Payments: Usually 10-20% minimum.
  • Lower Debt-to-Income: Typically max 43%, often lower.
  • Significant Reserves: 6-12 months of payments in savings.
  • Documentation: Extensive income and asset verification.
  • Appraisals: Often require two appraisals.

Jumbo Loan Rates and Costs

Jumbo loans typically have:

  • Rates: Historically 0.25-0.5% higher than conforming, though sometimes competitive or lower for well-qualified borrowers.
  • Closing Costs: Higher due to additional appraisals and underwriting.
  • PMI: Usually not required with 20% down, but may be with lower down payments.
  • Points: Often require paying points to get best rates.

Frequently Asked Questions

What is the 2026 conforming loan limit?
$766,550 for most counties. High-cost areas range up to $1,149,825. Loans above these limits are considered jumbo. The limit adjusts annually based on housing prices.
How much down payment do I need for a jumbo loan?
Typically 10-20%, though some lenders offer 5% down with exceptional credit and strong reserves. 20% eliminates PMI and gets best rates. Some portfolio lenders have unique programs with varying requirements.
Are jumbo loan rates higher than conventional?
Historically yes, but the gap has narrowed. Well-qualified borrowers may find jumbo rates competitive with or even below conforming rates in some markets. Shop multiple lenders—jumbo rates vary more than conforming rates.
What credit score do I need for a jumbo loan?
Minimum 700, but 720-740+ preferred for best rates. Some lenders require 760+ for their best programs. Your credit score significantly impacts both approval and interest rate for jumbo loans.
Can I get a jumbo loan with less than 20% down?
Yes, some lenders offer jumbo loans with 10% or even 5% down, but expect higher rates, PMI, and stricter qualification. Programs like 80-10-10 (piggyback loans) can help avoid jumbo status or reduce down payment.
What are cash reserves for jumbo loans?
Lenders typically require 6-12 months of mortgage payments (principal, interest, taxes, insurance) in liquid assets after closing. Some require more for larger loans or riskier profiles. Retirement accounts can sometimes count with restrictions.
Can I refinance a jumbo loan?
Yes, though options are more limited than conforming loans. Jumbo refinancing has similar requirements to purchase loans. Consider refinancing if rates drop or if you can move to a conforming loan by paying down principal below limits.
What's a piggyback loan for jumbo avoidance?
An 80-10-10 structure: 80% first mortgage (conforming), 10% second mortgage (HELOC), 10% down payment. This keeps the first mortgage at conforming limit. Second mortgage rates are higher, but blended rate may beat jumbo.
Do jumbo loans require PMI?
With 20% down, no PMI required. With less than 20%, PMI is typically required or the rate is increased to compensate. Some lenders offer lender-paid PMI (LPMI) with higher rates.
Are jumbo loans harder to qualify for?
Yes, due to lender risk. Requirements are stricter across credit score, DTI, reserves, and documentation. Underwriting is more thorough. Start the process early and gather all documentation before applying.
Can I get an adjustable-rate jumbo mortgage?
Yes, jumbo ARMs are available and may offer lower initial rates than fixed. Common terms: 5/1, 7/1, 10/1 ARM. Consider if you plan to move or refinance before adjustment period ends.
Should I avoid jumbo status if possible?
Consider: larger down payment to get below limit, piggyback structure, or paying points to buy down rate. Compare total costs—sometimes jumbo with competitive rate beats conforming with PMI or higher blended piggyback rate.