Calculate your payment on a jumbo loan — any mortgage above the conforming limit, which carries different rate and down payment requirements.
A jumbo loan is any mortgage above the conforming loan limit set annually by the FHFA. For 2026, the baseline conforming limit is $832,750 in most counties, rising to as much as $1,249,125 in high-cost areas like parts of California, New York, and Hawaii.
Jumbo threshold check: if your loan amount exceeds the conforming limit for your county, you need jumbo financing, which is not eligible for purchase by Fannie Mae or Freddie Mac and follows different underwriting rules.
Jumbo loans typically require higher credit scores (often 700+, sometimes 720+), larger down payments (often 10-20% minimum, though some lenders now offer less), more cash reserves, and historically carried higher rates — though the rate gap has narrowed significantly in recent years and jumbo rates are sometimes competitive with or even below conforming rates.
While conforming loans can go as low as 3-5% down, most jumbo lenders require at least 10-20% down, with the best rates typically reserved for 20%+ down payments. Some private banking relationships offer more flexible jumbo terms for well-qualified borrowers.
Check whether your loan amount fits under the conforming limit with the Mortgage Calculator, or see full affordability context in the Home Affordability Calculator.