Whenever you purchase an extra house, or a regular house in a costly market, you could realize that you want a jumbo loan. If that’s the case, this calculator is actually for you.

A jumbo loan is a mortgage that is too big to be assured by home loan giants Fannie Mae and Freddie Mac. The total amount differs by county. It’s higher in counties where housing is costly. In 2020, the jumbo loan limitation ranges from $510,400 to $765,600.

NerdWallet’s jumbo home loan calculator allows you to enter a house price, advance payment amount and interest. The outcome reveal simply how much you’ll pay each month toward principal and interest, plus your estimated property taxes and home owners insurance charges. Leer más