Jumbo Loan Calculator

Our jumbo loan calculator helps you determine if your loan exceeds the jumbo loan limit and estimate your monthly payments.

If you're wondering what a jumbo mortgage loan is and what the jumbo vs. conventional loan difference is, this guide will walk you through everything you need to know.

You can also visit our personal loan calculator to learn more about a more common type of loan!

A jumbo loan is a type of mortgage loan with a higher loan limit than the standard loan limits. These limits change each year and depend on where you live. In 2025, the standard limit is $806,500 in most areas; however, to confirm, please visit government-backed agencies Fannie Mae and Freddie Mac, as they are the entities that establish these limits.

If you need to borrow more than $806,500, your loan is probably considered a jumbo loan. Because jumbo loans are riskier for lenders, they usually come with stricter requirements. You may need a higher credit score, a larger down payment, and proof that you can handle bigger monthly payments.

So what's the difference between a jumbo loan and a conventional, standard loan?

Jumbo loan

• Exceeds the jumbo loan limit ($806,500 in most areas for 2025);
• Requires a higher credit score and larger down payment; and
• May have higher interest rates due to increased lender risk.

Conventional loan

• Stays within the conforming loan limit, lower than the jumbo loan amount;
• Easier to qualify for with lower credit score and down payment requirements; and
• Typically offers lower interest rates than jumbo loans.

If your loan is below the conforming loan limit, our standard mortgage calculator might be a better solution for you.

The jumbo loan amount limit is $806,500 in 2025, but in high-cost areas like parts of California, New York, and Hawaii, the limit is higher (up to $1,209,750). These differences exist because property prices vary across regions.

Jumbo loans also exist in other countries, although the limits and rules vary depending on the local banking system and real estate market.

Now that we understand what a jumbo mortgage loan is, the jumbo loan limit, and the differences between jumbo and conventional loans, we can discuss how to utilize our jumbo loan calculator.

• Property price — Input the total price of the home you want to buy.
• Down payment — You can enter either a specific amount or a percentage of the property price (the other field will auto-fill).
• Down payment percentage — Same as above, but you can enter that as a percentage.
• Jumbo loan amount — The calculator will automatically determine the loan amount you need to borrow.
• Loan term — Choose the number of years (e.g., 15, 20, or 30 years) and/or months, for repayment.
• Interest rate — Input the expected annual interest rate for your loan.
• First day — Just enter the day of your first payment.

The calculator will show:

• Monthly payment — Your estimated mortgage payment.
• Total interest paid — How much you'll pay in interest over the loan's term.
• Total interest paid as a percentage.
• Date of last payment.
• Total debt to repay — The full amount you'll pay, including principal and interest.

And all of that in an easy-to-read form of text beneath your inputs! Not enough? We've also included a pie chart to help you visualize the loan breakdown. Enjoy your calculations!

Our jumbo loan calculator utilizes several formulas to estimate your costs. Here's how that works:

First, we calculate the loan amount by subtracting your down payment from the total property price:

Loan amount = Property price − Down payment

Next, we determine your monthly payment using the standard amortization formula:

where:

• $L$ — Loan amount;
• $r$ — Annual interest rate; and
• $n$ — Total number of monthly payments.

As you can see, our formula takes into account the loan's interest rate, the compounding frequency (monthly), and the total number of months in the loan term.

Once we know your monthly payment, we calculate the total interest paid over the life of the loan:

Total interest paid = Monthly payment × Loan term − Loan amount

For example, if you're buying a home for $1,100,000 with a $200,000 down payment, a 6.5% annual interest rate, and a 30-year term (360 months), your monthly payment would be around $5,688.61, and the total interest you'd pay over the life of the loan would be about $1,147,900.