🏠 LMI Calculator
Estimate your Lenders Mortgage Insurance cost based on your property value, deposit size and loan amount.
📝 Property & Loan Details
Change this to auto-calculate deposit amount
Loan to Value Ratio
90.00%
LMI likely required
📊 Your Results
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Enter your property and loan details then click Calculate LMI Cost.
Estimated LMI Cost
$0
one-off premium
Property Price—
Deposit—
Loan Amount—
LVR—
LMI Rate Applied—
LMI as % of Loan—
Total Loan inc. LMI—
LMI Rate Bands
Up to 80%No LMI required0%
80.01% – 85%Low LMI tier0.50%
85.01% – 90%Standard LMI tier1.00%
90.01% – 95%Higher LMI tier2.00%
95.01% – 97%+Highest LMI tier3.50%
💡 What is LMI and How Can You Avoid It?
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What is LMI?
Lenders Mortgage Insurance protects the lender if you default on your loan.
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How Much Does It Cost?
LMI costs vary by lender and LVR but often range from 0.5% to 3.5% of the loan amount.
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Save 20% Deposit
The simplest way to avoid LMI is to keep your LVR at 80% or below.
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Professional Waivers
Some lenders waive or reduce LMI for selected professionals.
⚠️ Disclaimer: LMI estimates are approximate and for general information only. Actual premiums vary by lender, insurer and borrower profile.
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