How much is a
jumbo mortgage?

Where Jumbo Loans Begin

A mortgage becomes jumbo once it exceeds the FHFA conforming limit for the subject property's county. In most U.S. counties for 2026, that is $832,750. The high-cost area ceiling is $1,249,125.

• 2026 threshold: $832,750 baseline
• High-cost ceiling: $1,249,125
• Threshold is county-specific
• Loan amount (not purchase price) determines classification

How High Can They Go?

JumboLoan.com has access to residential jumbo programs reaching $10M+ through portfolio and private banking relationships. Commercial programs through our institutional network can extend to $500M+ for qualified assets.

• Residential: up to $10M+ through portfolio lenders
• Commercial RE: up to $500M+ institutional programs
• Specific availability varies by property and profile
• Contact us to discuss your specific scenario

"How much" — the two meanings

This question usually means one of two things: how large must a loan be to count as jumbo, or how much does a jumbo mortgage cost per month. Both deserve real numbers. On size: any loan above $832,750 (2026 one-unit baseline; $990,150 in Monroe County, FL; up to $1,249,125 in national high-cost counties) is jumbo. There is no upper end — programs exist at $2M, $5M, $10M and beyond.

On monthly cost: the payment is ordinary amortization math at jumbo scale. Every $100,000 borrowed on a 30-year fixed loan costs roughly $600–$750 per month in principal and interest across the rate environments of recent years — so a $1.2 million loan runs in the ballpark of $7,200–$9,000 monthly P&I depending on rate. Use our jumbo calculator with a current quote for your exact figure.

The full payment, not just P&I

• Property taxes — in Florida, commonly 1–2% of value annually depending on county and assessment; on a $1.5M home that is $1,250–$2,500 per month.
• Homeowners + windstorm insurance — coastal Florida premiums are substantial and enter the qualifying payment.
• Flood insurance — required in mapped flood zones; price the binder early.
• HOA / condo dues — count fully against debt-to-income.
• No PMI on most jumbo programs — even below 20% down, most jumbo lenders price the risk instead of adding mortgage insurance.

On luxury coastal property, taxes and insurance routinely add 30–50% on top of P&I — budget on the full stack, not the mortgage alone.

And how much do jumbos cost to get?

Closing costs on jumbo loans are structurally the same as any mortgage — origination, title, appraisal, recording, prepaid taxes and insurance — and generally land between 1% and 3% of the loan amount, with the percentage typically falling as the balance rises because many costs are flat. The variable to watch is points: jumbo pricing frequently offers a menu of rate-versus-cost combinations, and the right choice depends on how long you'll hold the loan. We model the break-even on every quote so the trade-off is explicit rather than buried. NMLS# 1967971.

Quick answers

How much income do I need for a $1 million jumbo loan?

As rough guidance at mid-40s DTI limits: enough income that the full payment — P&I, taxes, insurance, dues — plus your other debts fits under ~43–45% of gross monthly income. For many Florida scenarios that lands in the $250K–$350K household-income range, varying with rates, taxes, and your other obligations.

Is there a minimum jumbo loan amount?

One dollar over the county conforming limit — $832,751 in baseline counties for 2026. There is no separate program minimum in the definition.

Do jumbo loans cost more per dollar than conforming loans?

Closing costs typically shrink as a percentage on larger loans, and most jumbos avoid PMI — per-dollar, jumbo borrowing is often the cheaper structure.