Jumbo Loan Calculator
Homes above the conforming loan limit (typically $766,550+ in 2026) need a jumbo loan — bigger balance, often a higher rate and stricter underwriting. This shows your payment and the jumbo premium.
Conforming limit (2026 example): ~$766,550 for most counties; higher in expensive metros. Above it = jumbo. Jumbo characteristics: higher rates, larger down-payment expectations (often 20%+), stricter DTI, more cash reserves, and often a higher mortgage insurance threshold. Comparison: the tool shows what the same loan costs at the conforming rate so you see the jumbo premium. Note: some jumbo products are 5/1 or 7/1 ARMs — fixed 30-year is modeled here.
FAQ
What counts as a jumbo loan in 2026?
Loans above the conforming limit — about $766,550 for most U.S. counties in 2026, with higher caps in high-cost areas like NYC, SF, and DC. Check the FHFA limit for your county.
Why is a jumbo rate higher?
Jumbos aren't eligible for purchase by Fannie Mae/Freddie Mac, so lenders hold more risk and price accordingly — higher rate, stricter credit and DTI requirements.
Can I avoid a jumbo by using two loans?
Some borrowers use a piggyback or split the balance, but it rarely beats a single jumbo once rate and closing costs are counted. Run the numbers for your exact case.
Figures are editable example defaults for modeling, not quotes or advice. Financial, tax, and medical outcomes vary with your situation — verify with a qualified professional (CFP, CPA, tax advisor, or veterinarian).