A jumbo loan exceeds the conforming loan limit (about $806,500 in most areas for 2026) and finances higher-priced homes. Jumbo loans typically require stronger credit, larger down payments, and more reserves, but rates are often competitive. Estimate a jumbo payment below.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $10,037 | $65,449 | $949,963 |
| 2 | $10,747 | $64,739 | $939,216 |
| 3 | $11,506 | $63,980 | $927,710 |
| 4 | $12,320 | $63,166 | $915,390 |
| 5 | $13,191 | $62,295 | $902,199 |
| 6 | $14,123 | $61,363 | $888,076 |
| 7 | $15,122 | $60,364 | $872,955 |
| 8 | $16,191 | $59,295 | $856,764 |
| 9 | $17,335 | $58,151 | $839,429 |
| 10 | $18,561 | $56,925 | $820,869 |
| 11 | $19,873 | $55,613 | $800,996 |
| 12 | $21,277 | $54,208 | $779,718 |
| 13 | $22,782 | $52,704 | $756,937 |
| 14 | $24,392 | $51,094 | $732,545 |
| 15 | $26,116 | $49,369 | $706,428 |
| 16 | $27,963 | $47,523 | $678,466 |
| 17 | $29,939 | $45,547 | $648,526 |
| 18 | $32,056 | $43,430 | $616,471 |
| 19 | $34,322 | $41,164 | $582,149 |
| 20 | $36,748 | $38,738 | $545,400 |
| 21 | $39,346 | $36,140 | $506,054 |
| 22 | $42,127 | $33,358 | $463,927 |
| 23 | $45,106 | $30,380 | $418,821 |
| 24 | $48,294 | $27,192 | $370,527 |
| 25 | $51,708 | $23,778 | $318,819 |
| 26 | $55,364 | $20,122 | $263,456 |
| 27 | $59,277 | $16,209 | $204,178 |
| 28 | $63,468 | $12,018 | $140,711 |
| 29 | $67,954 | $7,531 | $72,756 |
| 30 | $72,756 | $2,728 | $0 |
A jumbo loan is a mortgage larger than the conforming loan limit set by the FHFA — about $806,500 in most counties for 2026, higher in expensive areas. Because they can't be sold to Fannie Mae or Freddie Mac, lenders set stricter requirements.
Not necessarily. Jumbo rates are sometimes comparable to or even below conforming rates, since lenders compete for well-qualified, high-balance borrowers. You'll typically need strong credit, a larger down payment, and cash reserves to qualify.
Sources: U.S. Department of Housing and Urban Development (FHA); U.S. Department of Veterans Affairs (VA loans); Consumer Financial Protection Bureau.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.