5.0 · 624 reviews · Jim Blackburn · NMLS #1072866
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Jumbo · Renovation Refinance

Jumbo Renovation Refinance Loan Payment Calculator

Use this loan calculator to estimate your monthly payment and the cash needed to close on a jumbo refinance renovation loan.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

Primary 80% LTV, second home & spec/rental 75% — all capped at 75% ARV.

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Permits, architectural, engineering.

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Labor and materials.

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Estimate with sold comps in last 6 months. Same BR, BA, SQ FT within a mile.

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Paid separately, outside the mortgage.

Permanent rate after construction. Interest-only period runs ~3% higher during the build.

Summary

Project Costs

Total Project Costs$1,480,000Payoff + renovation costs + 10% hard contingency reserve.
Maximum Loan Amount (LTV)$2,250,000Max per ARV; final loan is the lesser of this or financeable costs.
6 Months Interest Reserves$112,388
Total Financeable Allowable Costs$1,636,788Property costs + interest reserves + ~3% closing. Not a Loan Estimate.

Loan

Max Loan Amount$1,227,591Lesser of 75% financeable or max per LTV.

Payment Breakdown

P&I Payment (Post Construction)$8,159
Monthly Insurance$500
Monthly Taxes$1,000
HOA (paid separately)$0
Total Monthly Housing Expense$9,659

Cash & Income

Estimated Cash Out of Pocket$409,197
Monthly Income Target to Qualify$22,463Based on a 43% housing ratio.
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Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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