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Jumbo mortgages have higher risk to the lender and lower liquidity in the marketplace.

Piggyback loans are typically issued for 10% to 15% of the property purchase price and come with a slightly higher rate of interest since the primary mortgage has the first claim on any default.

The third and fourth examples would have a set rate for 7 and 10 years respectively and then reset annually.

Adjustable-rate mortgages adjust based upon a spread off a reference rate such as LIBOR, up to a pre-determined rate cap in the loan contract.

Prior to the 2008 recession jumbo loans had a spread of about 0.2% against conforming loans.

During the crisis this spread blew out to a peak of about 1.7%, but has since come down to where jumbo mortgages are similarly priced to conforming mortgages.

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