# What is my jumbo loan payment?

Computes the monthly payment on a jumbo home loan with property tax, insurance and HOA dues, and compares the loan with the FHFA conforming loan limits for 2026.

- Page: https://www.acalculator.org/finance/jumbo-loan-calculator
- JSON spec: https://www.acalculator.org/finance/jumbo-loan-calculator.json
- Version: 4d7d46bf5223

## Default answer

Example with the default inputs (Home price $1,200,000.00, Down payment $240,000.00, Interest rate 6.75%, Loan term (years) 30, Property tax (per year) 1.1%, Home insurance (per year) $3,600.00, HOA dues (per month) $0.00): A $960,000.00 jumbo loan at 6.75% over 30 years costs $7,626.54 a month, of which $6,226.54 is principal and interest.

## Inputs

| Key | Label | Description |
| --- | --- | --- |
| price | Home price | The price of the home. |
| down | Down payment | The cash you pay toward the price. The loan is the price minus this. |
| rate | Interest rate | The fixed yearly rate your lender quotes. The monthly rate is this ÷ 12. |
| years | Loan term (years) | The length of the mortgage, for example 30 or 15 years. |
| tax | Property tax (per year) | The yearly property tax as a percent of the home price. |
| insurance | Home insurance (per year) | The homeowners insurance premium for one year. |
| hoa | HOA dues (per month) | Homeowners association or condo dues for one month. |

## Outputs

| Key | Label | Description |
| --- | --- | --- |
| monthly | Monthly payment | Principal and interest, property tax, home insurance and HOA dues for one month. |
| pi | Principal and interest | The level monthly payment on the loan. |
| taxes | Property tax | The property tax for one month. |
| insuranceMonthly | Home insurance | The home insurance for one month. |
| hoaMonthly | HOA dues | The HOA dues for one month. |
| loan | Loan amount | The price minus the down payment. |
| ltv | Loan-to-value | The loan as a percent of the price. |
| interest | Total interest | Every principal and interest payment added up, minus the loan. |
| total | Total cost | The down payment plus every monthly payment over the loan. |
| overBaseline | Above the baseline limit by | The loan minus the 2026 baseline limit of $832,750, or 0 at or under it. |
| limitNote | Conforming loan limit | How the loan compares with the 2026 limits for a one-unit property. |

## Method

Loan L = price − down payment; principal and interest = L × r ÷ (1 − (1 + r)^−n), with r the rate ÷ 12 and n the months, or L ÷ n at 0%; tax, insurance and HOA dues are added. L is compared with the FHFA 2026 limits.

## Assumptions

- The limits are for one-unit properties. FHFA sets higher limits for two to four units.
- The page does not look up your county. Check your county’s limit on the FHFA website.
- The rate is fixed, payments are monthly, and tax, insurance and HOA dues stay the same.
- Mortgage insurance and closing costs are not included. Jumbo lenders set their own down payment and insurance rules.

## Worked examples

1. price = $1,200,000.00, down = $240,000.00, rate = 6.75%, years = 30, tax = 1.1%, insurance = $3,600.00 gives pi = $6,226.54, taxes = $1,100.00, insuranceMonthly = $300.00, monthly = $7,626.54, loan = $960,000.00, ltv = 80%, interest = $1,281,555.02, total = $2,985,555.02, overBaseline = $127,250.00, limitNote = 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.. Source: OpenStax, Contemporary Mathematics, section 6.12 Renting and Homeownership (monthly mortgage payment), https://openstax.org/books/contemporary-mathematics/pages/6-12-renting-and-homeownership; Federal Housing Finance Agency, FHFA Announces Conforming Loan Limit Values for 2026 (baseline $832,750; ceiling $1,249,125; Alaska, Hawaii, Guam and the U.S. Virgin Islands $1,249,125 and $1,873,675), https://www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2026 (retrieved 2026-11-01).
2. price = $2,000,000.00, down = $500,000.00, rate = 7%, years = 15, tax = 1%, insurance = $6,000.00, hoa = $200.00 gives pi = $13,482.42, monthly = $15,849.09, overBaseline = $667,250.00, limitNote = 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.. Source: OpenStax, Contemporary Mathematics, section 6.12 Renting and Homeownership (monthly mortgage payment), https://openstax.org/books/contemporary-mathematics/pages/6-12-renting-and-homeownership; Federal Housing Finance Agency, FHFA Announces Conforming Loan Limit Values for 2026 (baseline $832,750; ceiling $1,249,125; Alaska, Hawaii, Guam and the U.S. Virgin Islands $1,249,125 and $1,873,675), https://www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2026 (retrieved 2026-11-01).
3. price = $2,400,000.00, down = $500,000.00, rate = 6.5%, years = 30 gives pi = $12,009.29, overBaseline = $1,067,250.00, limitNote = This loan is above every 2026 limit, up to $1,873,675, so it is a jumbo loan in every county.. Source: OpenStax, Contemporary Mathematics, section 6.12 Renting and Homeownership (monthly mortgage payment), https://openstax.org/books/contemporary-mathematics/pages/6-12-renting-and-homeownership; Federal Housing Finance Agency, FHFA Announces Conforming Loan Limit Values for 2026 (baseline $832,750; ceiling $1,249,125; Alaska, Hawaii, Guam and the U.S. Virgin Islands $1,249,125 and $1,873,675), https://www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2026 (retrieved 2026-11-01).
4. price = $1,040,000.00, down = $207,250.00, rate = 6.5%, years = 30 gives loan = $832,750.00, overBaseline = $0.00, limitNote = This loan is at or under the 2026 baseline limit of $832,750, so it is not a jumbo loan in any county.. Source: Federal Housing Finance Agency, FHFA Announces Conforming Loan Limit Values for 2026 (baseline $832,750; ceiling $1,249,125; Alaska, Hawaii, Guam and the U.S. Virgin Islands $1,249,125 and $1,873,675), https://www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2026 (retrieved 2026-11-01).
5. price = $1,000,000.00, down = $200,000.00, rate = 0%, years = 20 gives pi = $3,333.33, interest = $0.00, total = $1,000,000.00, limitNote = This loan is at or under the 2026 baseline limit of $832,750, so it is not a jumbo loan in any county..

## FAQ

### What is a jumbo loan?

A home loan above the conforming loan limit that FHFA sets each year for the county. For a one-unit property in 2026, the baseline limit in most of the United States is $832,750.

### What are the 2026 limits in high-cost areas?

The ceiling for high-cost counties is $1,249,125, which is 150% of the baseline. In Alaska, Hawaii, Guam and the U.S. Virgin Islands, the baseline is $1,249,125 and the ceiling is $1,873,675.

### How is a jumbo loan payment calculated?

It uses the same formula as any fixed-rate mortgage: L × r ÷ (1 − (1 + r)^−n). $960,000 at 6.75% over 30 years is $6,226.54 of principal and interest a month. Tax, insurance and HOA dues are added.

### Is a loan exactly at the limit a jumbo loan?

No. A loan of exactly $832,750 is at the limit, so it conforms. A jumbo loan is above the limit.

### Does this page know my county’s limit?

No. It compares your loan with the national figures, so a loan between $832,750 and $1,249,125 may or may not be jumbo where you live. FHFA publishes the limit for each county.

### Why does this page leave out mortgage insurance?

FHA and VA figures and the PMI rules on the mortgage calculator are for other loan types, and jumbo lenders set their own rules. If your lender charges mortgage insurance, add it to the monthly payment.

## Sources

- Federal Housing Finance Agency, FHFA Announces Conforming Loan Limit Values for 2026 (November 25, 2025). Retrieved 2026-11-01. https://www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2026
- OpenStax, Contemporary Mathematics, section 6.12 Renting and Homeownership: the monthly mortgage payment formula. Retrieved 2026-11-01. https://openstax.org/books/contemporary-mathematics/pages/6-12-renting-and-homeownership