A jumbo loan is a non-conforming loan for loan amounts greater than $806,500 for a single-family home. In certain high-cost areas, including Alaska and Hawaii, the conforming limit is up to $1,209,750.
This jumbo loan calculator provides customized information based on the information you provide. But, it assumes a few things about you. For example, that you’re buying a single-family home as your primary residence. This calculator also makes assumptions about closing costs, lender’s fees and other costs, which can be significant.
Estimated monthly payment and APR example: A $940,000 loan amount with a 30-year term at an interest rate of 5.625% with a down payment of 25% and no discount points purchased would result in an estimated monthly principal and interest payment of $5,411 over the full term of the loan with an annual percentage rate (APR) of 5.784%.1
Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.