What is my jumbo loan payment?

How it works

This is the mortgage calculator’s payment, for a loan with no mortgage insurance and no upfront fee. With price V, down payment D, yearly rate j (percent) and Y years:

• Loan amount L = V − D. A down payment of the whole price or more gives no answer, with the message "The down payment covers the whole price, so there is no loan."
• Loan-to-value = L ÷ V × 100.
• r = j ÷ 1,200 and n = 12 × Y. Principal and interest P = L × r ÷ (1 − (1 + r)^−n), or L ÷ n at 0%.
• Property tax = tax percent × V ÷ 1,200. Home insurance = yearly premium ÷ 12. HOA dues are the monthly amount typed.
• Monthly payment = P + property tax + home insurance + HOA dues.
• Total interest = P × n − L, or 0 at 0%. Total cost = D + monthly payment × n.
• Above the baseline limit by = L − 832,750, or 0 when L is at or under it.

Conforming loan limit compares L exactly with the 2026 limits. A loan at a limit is not above it. The exact text is:

• L at most $832,750: "This loan is at or under the 2026 baseline limit of $832,750, so it is not a jumbo loan in any county."
• L above $832,750, at most $1,249,125: "This loan is above the 2026 baseline limit of $832,750, so it is a jumbo loan in most counties. High-cost counties have limits up to $1,249,125."
• L above $1,249,125, at most $1,873,675: "This loan is above the 2026 ceiling of $1,249,125, so it is a jumbo loan in every county outside Alaska, Hawaii, Guam and the U.S. Virgin Islands, where limits go up to $1,873,675."
• L above $1,873,675: "This loan is above every 2026 limit, up to $1,873,675, so it is a jumbo loan in every county."

Rules

• Price $1,000 to $1 billion; down payment $0 to $1 billion; rate 0% to 30%; term 1 to 40 whole years; tax 0% to 10%; insurance $0 to $1 million a year; HOA dues $0 to $100,000 a month.
• Left empty, tax, insurance and HOA dues count as 0.
• The loan, tax, insurance, loan-to-value and limit comparison are exact on the decimals as typed. Money shows to the cent, rounded half up.

When the data is out of date

The limits are FHFA’s for 2026. FHFA sets new values each year, usually in late November. After December 31, 2026 the calculator keeps using these limits, and the result says "Uses the 2026 FHFA conforming loan limits".

Worked examples by hand

$1,200,000 home, $240,000 down, 6.75% over 30 years, 1.1% tax, $3,600 of insurance. L = $960,000 (LTV 80%), P = $6,226.54. Tax is $1,100 and insurance $300, so the monthly payment is $7,626.54. Interest is $1,281,555.02 and the total cost is $2,985,555.02. L is $127,250 above the baseline.

$2,000,000 home, $500,000 down, 7% over 15 years, 1% tax, $6,000 of insurance, $200 of HOA dues. L = $1,500,000, P = $13,482.42, tax $1,666.67, insurance $500, so the monthly payment is $15,849.09. L is above the $1,249,125 ceiling.

$2,400,000 home, $500,000 down, 6.5% over 30 years. L = $1,900,000, P = $12,009.29. L is above every limit.

$1,040,000 home, $207,250 down. L = $832,750, exactly the baseline, so it is not above it: $0 over.

$1,000,000 home, $200,000 down, 0% over 20 years. P = 800,000 ÷ 240 = $3,333.33; interest $0; total cost $1,000,000.