When a jumbo mortgage balance can move into a conforming refinance
Your balance against the new limit
Crossover answer
Use the payoff amount from your servicer, not the original loan amount, and add any closing costs you plan to finance. Compare the total with the limit for your county and the home's unit count. If the total is under the limit, a conforming rate-and-term refinance may be possible, subject to the usual credit, income and appraisal checks.
Last reviewed against the primary sources listed below.
Get these numbers
- A payoff statement from your servicer.
- The county limit for your unit count.
- An estimate of costs you would finance.
Switching questions
Should I use my statement balance or a payoff quote?
A payoff quote, which includes accrued interest through a date.