Jumbo Loan Calculator — Payments on Loans Over $766,550

Jumbo loans exceed conforming loan limits ($766,550 in most areas for 2026). They typically require higher credit scores, larger down payments, and have slightly higher rates.

Calculator

Pre-filled with typical values for this scenario. Adjust any field to see updated results.

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Default Scenario — What These Numbers Assume

ParameterDefault ValueNotes
PMI Rate0Private mortgage insurance (annualized)
Loan Term30Years to repay
Annual Property Tax15000Typical local estimate
Home Price1200000Purchase price of the property
Interest Rate7Annual rate (fixed)
Annual Insurance3600Homeowners insurance estimate
Down Payment20Percentage of purchase price

Frequently Asked Questions

What is a jumbo loan?
A jumbo loan is any mortgage above the conforming loan limit set by Fannie Mae and Freddie Mac ($766,550 in most areas for 2026). They require stricter underwriting.
What credit score do I need for a jumbo loan?
Most lenders require 700–720 minimum for jumbo loans, with the best rates available for 740+. Higher scores get significantly better rates.
How much down payment do I need for a jumbo loan?
Most jumbo lenders require 10–20% down. Some lenders offer 10% down jumbo loans for very strong borrowers, but 20% is standard.

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ℹ️ Free Tool This calculator is provided for educational purposes. Consult a financial advisor before making major financial decisions.

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