Jumbo Mortgage Rates & Jumbo Loan Calculator
Jumbo mortgage rates can differ from conforming rates, especially when you borrow above the conforming loan limit. Use our jumbo loan calculator to estimate your monthly payment (including a realistic all-in housing estimate), then compare current jumbo mortgage rates from lenders in the rate table below.
If you’re trying to stay under the conforming limit, enable the Conforming comparison toggle in the calculator to see how much extra down payment could bring the loan amount back into a conforming range.
Jumbo Loan Calculator
Estimate jumbo payments and compare a conforming scenario.
Jumbo Mortgage Calculation Results
If “Extra down to fit limit” is greater than $0, you’re above the conforming limit at the current purchase price and down payment.
This is a planning estimate. Actual jumbo pricing depends on credit, reserves, property type, points/fees, and lender overlays.
Compare Current Jumbo Mortgage Rates
Rates vary by loan size, credit, down payment, and location. Start with the offers below, then adjust filters to match your scenario.
Tip: If you want the table to lean “jumbo,” set a loan amount above your conforming limit and refresh offers.
Jumbo Mortgage Rates: What Counts as a Jumbo Loan?
Jumbo mortgage rates apply to loans that exceed the conforming loan limit for your area. Conforming loans can typically be sold to Fannie Mae or Freddie Mac, while jumbo loans are held or securitized privately, so lenders often price jumbo loans differently.
For 2026, the baseline conforming loan limit for a one-unit home is $832,750 in most areas, with a higher ceiling in some high-cost counties (often up to $1,249,125).
Quick jumbo rule of thumb
- If your loan amount is above your local conforming limit, you’re usually in jumbo territory.
- If you’re close to the limit, increasing your down payment can sometimes make the loan conforming.
- Rate quotes can change with loan size (e.g., $850k vs $1.1M), so shop using the same assumptions.
Why Jumbo Mortgage Rates Can Be Different
Jumbo loans don’t have the same “conforming” execution path, which can shift lender risk and investor demand. In practice, jumbo pricing can be higher or lower than conforming depending on market conditions, borrower strength, and lender appetite.
- Credit and reserves: Many jumbo programs favor stronger credit profiles and more cash reserves.
- Down payment: Larger down payments often improve jumbo pricing and approvals.
- Debt-to-income: Jumbo underwriting can be tighter, especially at higher loan sizes.
- Loan structure: ARM vs fixed, points, and rate locks can materially change your quote.
Jumbo Loan Requirements (Typical Lender Standards)
Jumbo underwriting varies by lender, but many programs emphasize stability and liquidity. The most common review areas include:
- Credit score: Many lenders prefer higher scores for jumbo approvals (often 700+ depending on program).
- Down payment: Some programs allow lower down payments, but many prefer 10%–20%+.
- Cash reserves: You may need documented reserves after closing.
- Appraisal: Jumbo loans commonly require a strong appraisal with solid comparable sales.
If you’re deciding between jumbo and conforming, use our calculator’s Conforming comparison to estimate the extra down payment that could bring your loan amount under the limit.
How to Get the Best Jumbo Mortgage Rate
- Shop multiple lenders on the same day with the same assumptions
- Compare both interest rate and APR (points and fees matter)
- Improve credit and lower DTI before you apply
- Consider whether paying points makes sense for your timeline
- Ask about rate lock length and extensions (jumbo timelines vary)
Next step: model your real payment
Jumbo offers can look similar on rate, but differ on points and lender fees. After you find a few good quotes, plug them into the calculator above to compare payments and total interest apples-to-apples.
Jumbo Loan FAQs
What is a jumbo loan?
A jumbo loan is a mortgage that exceeds your area’s conforming loan limit. Because it’s not a conforming loan, pricing and underwriting often differ from conventional conforming programs.
Are jumbo mortgage rates higher than conventional rates?
Not always. Jumbo rates can be higher or lower depending on market conditions and borrower strength. The best way to know is to compare multiple lender quotes with the same assumptions.
How do I avoid needing a jumbo loan?
If you’re close to the conforming limit, increasing your down payment or choosing a lower purchase price can reduce the loan amount enough to stay conforming. Our calculator estimates the extra down payment needed to fit under a conforming limit.
What conforming loan limit should I use?
Loan limits vary by year and county. For 2026, the baseline one-unit limit is $832,750 in most areas, with higher limits in some high-cost counties (often up to $1,249,125).
Does jumbo financing require PMI?
Some jumbo programs avoid traditional PMI, but that doesn’t mean the risk is “free”, pricing may adjust with down payment and credit. Ask lenders how they treat mortgage insurance or equivalent risk pricing.
Compare Jumbo Mortgage Rates & Estimate Your Payment
Run a few scenarios, then compare lender offers in the jumbo rate table. Small differences in rate and points can add up to big money over time.
Use the Mortgage Payment Calculator