Jumbo loans can’t be bought by Fannie Mae or Freddie Mac, so lenders often require larger down payments (10–20%), higher credit scores (700+) and more cash reserves. Rates are sometimes close to conforming rates.
How to use the Jumbo Loan Calculator
- Property price
- Down payment
- Loan term
- Interest rate
- First payment date
- Conforming loan limit in your county
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter the property price, down payment, term, interest rate and first payment date.
Tips
- Get a written loan estimate and compare the APR, not just the interest rate.
- Include property tax, insurance, HOA fees and maintenance in your monthly budget.
- A larger down payment lowers the payment and can remove mortgage insurance.
- Rates change daily – use a current quote for the most accurate result.
Common mistakes to avoid
- Looking only at the monthly payment instead of the total cost of the loan.
- Forgetting closing costs and fees.
- Assuming home prices always rise.
Inputs explained
| Field | What to enter |
|---|---|
| Property price | Amount in your currency |
| Down payment | In % |
| Loan term | Units: years, months |
| Interest rate | In % |
| First payment date | A date |
| Conforming loan limit in your county | Amount in your currency |
What each result means
- Jumbo loan amount = [Property price]×(1 – [Down payment]÷100)
- Monthly payment = pmt([Interest rate]÷1200, [Loan term], [Jumbo loan amount])
- Total interest paid = [Monthly payment]×[Loan term] – [Jumbo loan amount]
- Total interest as a share of the loan = [Total interest paid]÷[Jumbo loan amount]×100
- Date of last payment = addmonths([First payment date], [Loan term] – 1)
- Total debt to repay = [Monthly payment]×[Loan term]
Example values
How the main result changes when Property price changes and everything else stays at the example values above:
| Property price | Monthly payment |
|---|---|
| 600,000 | 3,113.27 |
| 900,000 | 4,669.91 |
| 1,200,000 | 6,226.54 |
| 1,500,000 | 7,783.18 |
| 1,800,000 | 9,339.81 |
| 2,400,000 | 12,453.08 |
Formula
Loan = price − down paymentMonthly payment = pmt(rate ÷ 12, months, loan)Jumbo if the loan exceeds the conforming limit for your countyWorked example
Inputs — Property price: $1,200,000; Down payment: 20 %; Loan term: 30 years; Interest rate: 6.75 %; First payment date: 2026-11-24; Conforming loan limit in your county: $832,750.
Results — Jumbo loan amount = $960,000.00; Loan type = Jumbo loan; Monthly payment = $6,226.54; Total interest paid = $1,281,555.02; Total interest as a share of the loan = 133.5 %; Date of last payment = Tue, October 24, 2056; Total debt to repay = $2,241,555.02.
Frequently asked questions
What is a jumbo loan?
A mortgage larger than the conforming loan limit set by the FHFA.
What is the 2026 conforming loan limit?
$832,750 for one-unit homes in most of the U.S.; higher in expensive areas.
Are jumbo rates higher?
Not always – they can be similar to conforming rates for strong borrowers.
What formula does the Jumbo Loan Calculator use?
Loan = price − down payment.