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Jumbo Loan Calculator
Mortgage calculator for loans above the conforming limit.
Enter values to see your result
Frequently asked questions
What makes a loan "jumbo"?
Any mortgage above the Fannie Mae / Freddie Mac conforming loan limit. In 2024, the baseline limit is $766,550 (higher in designated high-cost areas).
Are jumbo rates higher?
Historically yes, but since 2016 jumbo rates have often been LOWER than conforming due to strong borrower profiles. Shop around.
What are typical jumbo requirements?
Credit 700+, DTI ≤ 43%, 10–20% down (20% common), 6–12 months reserves, two appraisals for very large loans.
Can jumbo loans be refinanced?
Yes, to another jumbo or — if the new loan amount is below conforming limit — to a conventional loan, which may free up pricing.