The Stronger Your Numbers, The Better Your Jumbo Loan Options
Jumbo loans are larger loans, so lenders usually want a bigger down payment, stronger credit, and savings left in the bank after closing. They also prefer your new house payment plus your other monthly debts to stay at or below about 43% of your monthly income before taxes.
Some jumbo programs can allow a smaller down payment or allow more of your income to go toward monthly debt payments. But the farther you move outside the preferred range, the more risk the lender takes. That can mean a higher interest rate, more savings required after closing, or stricter approval rules. Staying in the sweet spot usually gives you the strongest loan options and pricing.
How to Use This Jumbo Mortgage Calculator
Step 1
Add your income and monthly debts
Enter your income before taxes and the debts you pay each month.
Step 2
Add the home and loan details
Enter the home price, down payment, interest rate, loan length, taxes, insurance, and HOA dues.
Step 3
Add your savings details
Enter the projected savings you will have after closing.
Step 4
Review the results
See the estimated payment, how much income goes toward monthly bills, and the projected home price range.
Add Your Income And Monthly Debts
Enter your income before taxes and the debts you pay each month.
Your Income And Monthly Debts
What you earn each month before anything is taken out.
Car, student loan, and card payments. Use the minimum due, not the balance.
Add The Home And Loan Details
Enter the home price, down payment, interest rate, loan length, taxes, insurance, and HOA dues.
Home And Loan Details
Enter the price of the home you are considering. We'll show you how it fits.
20% of your price is $350,000. Jumbo usually needs 20% to 45%.
A sample jumbo rate. Your real rate comes from a lender.
Most buyers pick 30 years.
A yearly rate on the home's price. 0.70% is a fair guess.
A starting guess. Change it to match your quote.
Set this to $0 if the home has no HOA.
Collected at closing to start your escrow account. 3 months is typical.
Add Your Savings Details
Enter the projected savings you will have after closing.
Savings Details
Rainy day funds... Most jumbo lenders want about 6 months (on average) of house payments (PITIH = Principal, Interest, Taxes, Insurance, HOA) still in the bank. This money stays in your accounts. You do not pay it to the lender.
Review Your Results
See the estimated payment, how much income goes toward monthly bills, and the projected home price range.
Your Projected Purchase Price Range
The price you entered is at or below the sweet spot, so you have room to shop up to about $2,509,498 if you want more home.
Where Your Target Price Fits
- Loan amount
- $1,245,219
- Loan payment (principal and interest)
- $7,667/mo
- Property tax
- $908/mo
- Home insurance
- $225/mo
- HOA dues
- $250/mo
- Mortgage insurance
- None
- Down payment (20.0%)
- $311,305
- Closing costs (1.60%)
- $24,904
- Tax and insurance up front (3 mo)
- $3,399
- First year of home insurance
- $2,700
- Total cash needed
- $396,608
- Loan amount
- $1,651,821
- Loan payment (principal and interest)
- $10,171/mo
- Property tax
- $1,204/mo
- Home insurance
- $225/mo
- HOA dues
- $250/mo
- Mortgage insurance
- None
- Down payment (20.0%)
- $412,955
- Closing costs (1.30%)
- $26,842
- Tax and insurance up front (3 mo)
- $4,288
- First year of home insurance
- $2,700
- Total cash needed
- $517,886
- Loan amount
- $2,007,598
- Loan payment (principal and interest)
- $12,361/mo
- Property tax
- $1,464/mo
- Home insurance
- $225/mo
- HOA dues
- $250/mo
- Mortgage insurance
- None
- Down payment (20.0%)
- $501,900
- Closing costs (1.30%)
- $32,623
- Tax and insurance up front (3 mo)
- $5,067
- First year of home insurance
- $2,700
- Total cash needed
- $628,090
Over 43% does not automatically mean you cannot qualify. Some jumbo programs allow higher debt-to-income ratios. But once you move above the preferred range, lenders usually look more closely at your down payment, credit, and savings left after closing. Your rate or other requirements may also change. A quick review can show which options may still work for you.
We start with your income before taxes and take out your current monthly debts, home insurance, HOA dues, and property tax. What is left is the money that can go toward the loan payment.
From that number we work backward to the highest home price whose payment still fits. Your down payment lowers the loan, and property tax rises with the price, so both change the answer.
You see three prices: comfortable, standard, and stretch. Those use 28%, 36%, and 43% of your income for all monthly debt payments. The 43% level is the preferred upper range shown in this calculator, and some jumbo programs can allow more.
Cash needed at closing is your down payment plus closing costs plus the taxes and insurance collected up front. On top of that, jumbo lenders want savings left in the bank after closing.
Your estimated loan amount is above the 2026 baseline conforming loan limit of $832,750 used in most areas. Some high-cost counties have higher limits, so the property location determines whether the loan actually needs jumbo financing. We can confirm that before you choose a loan program.
A jumbo loan is any loan larger than the limit Fannie Mae and Freddie Mac will buy, which is $832,750 in most areas for 2026. High-cost counties can be higher. Because no agency backs it, the jumbo program itself sets the rules, and those rules can vary from program to program.
Down payment rules vary by program. Many jumbo programs look for 10% to 25% down, and some can allow less. Putting 20% or more down usually avoids mortgage insurance.
Most programs also want savings left in the bank after closing. Six months of your full monthly house payment is a common starting point, and some programs want more on larger loans. That money stays in your accounts.
Closing costs on a jumbo loan are a smaller share of the price than on a small loan, because many fees are flat dollar amounts.
Everything here is a planning estimate. It is not a loan approval and it is not a rate quote.
* General guidelines and subject to change. Each loan program can set its own rules.
Percent Of Income Going Toward Debt
- 43% of your income before taxes is the preferred upper range used by this calculator.
- Some jumbo programs allow a higher percent, often with a larger down payment, more savings, or stronger credit.
- 28% to 36% is the range most buyers are comfortable living in.
Not sure how this number is calculated? See how lenders calculate debt-to-income ratio.
Down Payment And Credit
- Down payment rules vary by program. Many start around 10% to 20%, and 20% or more usually avoids mortgage insurance.
- Credit score expectations are usually higher than on a regular conventional loan that stays within standard loan limits.
- Full income paperwork is standard, including tax returns for many buyers.
Savings Left In The Bank After Closing
- Lenders call this money reserves. It is the savings you still have after you pay your down payment and closing costs.
- Plan on about 6 months of the full monthly house payment still in savings after closing.
- Retirement accounts often count, usually at a reduced value.
- Larger loans and second homes can require more.
- Loan length: 30 years, fixed rate.
- Interest rate: 6.25% for illustration only.
- Property tax: 0.70% of the price each year.
- Home insurance: $225 a month.
- HOA dues: $250 a month.
- Paid up front at closing: 3 months of tax and insurance, plus the first year of the insurance policy.
- Money left in the bank: 6 months of the full house payment.
- Mortgage insurance is added only when the down payment is under 20%, using a sample rate.
- Closing costs use a sliding scale based on price, from 3% on small loans down to 1.1% above $3,000,000.
A jumbo loan is a home loan that is bigger than the limit Fannie Mae and Freddie Mac will buy in your county. Because no agency backs it, the loan is usually held or funded by the loan program itself, so the rules tend to be tighter: more money down, stronger credit, savings left in the bank after closing, and monthly debt payments that usually stay at or under about 43% of your income before taxes. Rules can vary from one jumbo program to the next.
We add up four things: the loan payment (principal and interest), one twelfth of the yearly property tax, home insurance, and HOA dues. If you put down less than 20%, we also add mortgage insurance. Together this is your full monthly house payment.
Debt-to-income is the percent of your monthly income before taxes that goes toward debt payments, including the new house payment. It is one of the main numbers that decides how much you can borrow. Many lenders prefer to see that number at or under about 43% on a jumbo loan, and the price ranges here are built around that preference. It is a preferred range, not an automatic cutoff.
Yes, in some cases. Some jumbo programs allow a higher percent. Once you go above the preferred range, lenders look more closely at your down payment, credit, and savings left after closing, and your rate or other requirements may change. 43% is the preferred upper range shown in this calculator, not an automatic cutoff.
Usually only when you put down less than 20%, and it depends on the program. Many jumbo programs look for around 20% down, but some allow less. When a jumbo loan is written with less down, mortgage insurance may be limited, priced differently, or replaced with a second loan. The estimate here uses a sample monthly rate based on your down payment.
Most jumbo lenders want to see savings left in the bank after you close. Six months of your full monthly house payment is a common starting point, and the amount varies by program. That money is on top of your down payment and closing costs, and it stays in your accounts.
A regular conventional loan stays within standard loan limits. Compared with that, a jumbo loan often asks for more money down, a higher credit score, several months of savings after closing, and full paperwork on your income. Rates and fees are set by each jumbo program rather than by an agency, so they can vary.
No. These are planning estimates. Your real approval, rate, and payment depend on your credit, your income, the home you pick, and a full loan review.
Want These Numbers Checked For Your Situation?
We will review your income, savings, and credit, then turn this estimate into a real price range you can shop with.
Want These Numbers Reviewed For Your Situation?
Send your scenario to Michael Thayer and his team, or book a call directly below.
Prefer to talk it through? Pick a time that works for you.
Booking unlocks once you send your scenario, so Mike has your numbers before the call.
Your information is used only to respond to your mortgage inquiry and is not sold. This is not a loan application and does not constitute any type of formal loan approval.
This is for educational and illustration purposes only. Does not constitute any kind of formal loan approval or intent to make a loan of any type. Cash to close, monthly payment, and purchase prices are purely estimated and will vary based on the actual property selected. County taxes, homeowners insurance, lender fees, credit and down payment will impact mortgage insurance rates along with the specific loan program you select. The illustrations here are based on a jumbo loan. Jumbo loan requirements vary by loan program. Credit, down payment, debt-to-income ratio, savings after closing, property type, loan amount, and other factors can affect eligibility, rates, and terms.
About closing costs: closing costs are estimated using a tiered percentage of the purchase price: 3% up to $250,000, 2.75% from $250,001 to $350,000, 2.6% from $350,001 to $450,000, 2.5% from $450,001 to $550,000, 2.4% from $550,001 to $750,000, 2.3% from $750,001 to $950,000, 2.1% from $950,001 to $1,150,000, 1.8% from $1,150,001 to $1,500,000, 1.6% from $1,500,001 to $2,000,000, 1.3% from $2,000,001 to $3,000,000, and 1.1% above $3,000,000. This is not an itemized quote. Actual closing costs vary by lender, title and escrow company, county, and property, and typically include origination and underwriting fees, appraisal, credit and flood reports, title insurance and settlement fees, recording fees and transfer taxes, plus prepaid interest and escrow deposits for property taxes and homeowners insurance. Seller credits, lender credits, and down payment assistance programs can offset part of them. Your official figures come from a Loan Estimate issued after a full application.