Jumbo Loan Calculator
Estimated monthly payments include principal and interest and are not an offer to lend. Tax, insurance, and other fees and charges may apply. Default interest rate displayed is illustrative only. Interest rates, total cost of mortgage, and monthly mortgage payment are estimates based on information provided. Actual mortgage payment and interest rate may be higher or lower than those displayed and will depend on your mortgage product, collateral, and credit history.
Crunch your own numbers with our mortgage calculators for refinance or a purchase loan, and run as many different scenarios as you’d like.
What It Shows
- Estimated monthly principal and interest payment
- Projected housing costs including taxes and insurance
- Loan affordability based on your financing scenario
What It Doesn’t
- Your final interest rate or loan approval
- Exact loan limit requirements in your county
- Actual closing costs, reserves, or underwriting decisions
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Frequently Asked Questions
What is a jumbo loan?
A jumbo loan is a mortgage whose loan amount exceeds the conforming loan limits established by the Federal Housing Finance Agency (FHFA). For 2026, the baseline conforming loan limit for a one-unit property is $832,750, while designated high-cost counties allow limits up to $1,249,125. Because jumbo loans exceed agency limits, they are considered non-conforming loans and often have different underwriting requirements.
What is the 2026 conforming loan limit?
The 2026 baseline conforming loan limit is $832,750 for a one-unit property in most U.S. counties. In designated high-cost areas, conforming loan limits can reach $1,249,125, with higher limits available in Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Conforming loan limits are subject to annual adjustment by FHFA.
How do I know if I need a jumbo loan?
You generally need a jumbo loan when your loan amount exceeds the conforming loan limit for the county where the property is located. The exact threshold depends on local loan limits, property type, and whether the area qualifies as a high-cost market.
What credit score do I need for a jumbo loan?
Credit requirements vary based on loan amount, down payment, reserves, and overall borrower profile.
How much down payment is required for a jumbo loan?
Down payment requirements vary by lender, loan amount, property type, occupancy, and borrower qualifications.
Do jumbo loans require PMI?
Many jumbo loans do not require private mortgage insurance (PMI), even when borrowers finance more than 80% of the home’s value. Rather than charging PMI, lenders typically account for additional risk through pricing and underwriting guidelines. Jumbo product requirements vary by lender, loan structure, and borrower qualifications.
How many reserves are required for a jumbo loan?
Jumbo loans often require borrowers to maintain between six and twenty-four months of PITI reserves after closing. Reserve requirements generally increase as loan balances grow and may vary by lender, property type, and borrower qualifications.
Are jumbo mortgage rates higher than conforming rates?
Not necessarily. Actual pricing depends on current market conditions, loan amount, credit score, assets, and down payment.
What is the maximum debt-to-income ratio for a jumbo loan?
Most jumbo lenders prefer a debt-to-income ratio of 43% or less, though some programs may allow higher ratios when borrowers have strong compensating factors such as substantial assets, excellent credit, or larger down payments.
What is the difference between a jumbo loan and a high-balance conforming loan?
A high-balance conforming loan falls within the expanded conforming loan limits allowed in designated high-cost counties and remains eligible for purchase by Fannie Mae or Freddie Mac. A jumbo loan exceeds those limits and is considered a non-conforming mortgage.
Can I use a jumbo loan calculator with taxes and insurance?
Yes. A jumbo loan calculator with taxes and insurance can help estimate your total monthly housing payment by incorporating property taxes, homeowners’ insurance, and other recurring costs in addition to principal and interest.
Can I get a jumbo cash-out refinance?
Yes. A jumbo cash-out refinance allows eligible homeowners to refinance an existing mortgage and access a portion of their home equity as cash. Available loan amounts, equity requirements, and qualification standards vary by lender and program.
Can self-employed borrowers qualify for a jumbo loan?
Yes. Many lenders offer self-employed jumbo loan programs, including bank statement options that may allow borrowers to qualify using business or personal bank deposits instead of traditional tax return documentation. Bank statement programs are subject to state availability and program requirements, and are not available from all lenders or in all states.
What is an interest-only jumbo loan?
An interest-only jumbo loan allows qualified borrowers to make interest-only payments during an initial period before transitioning to fully amortizing payments. These programs may offer lower initial payments but can result in higher future payment obligations.
Should I choose a jumbo ARM or a fixed-rate jumbo mortgage?
A jumbo ARM may offer a lower introductory interest rate for a specified period before future adjustments occur, while a fixed-rate jumbo mortgage provides a consistent principal and interest payment for the life of the loan. The better option depends on your financial goals, risk tolerance, and expected time in the home.
*loanDepot Lifetime Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs, and down payment assistance programs. “Lender fee” does not include discount points associated with the loan transaction nor does it include fee associated with third-party closing costs. Terms and conditions apply. Please refer to the website: http://www.loanDepot.com/lifetime-guarantee for the most current terms and conditions as they are subject to change without notice.