LMI Calculator
Lenders Mortgage Insurance (LMI) is typically required when borrowing more than 80% of the property value. Calculate your estimated LMI costs below.
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Includes approximately 10% stamp duty on LMI premium
To avoid LMI you need
Ways to Avoid LMI
Save a 20% deposit
The most straightforward way - LMI only applies when borrowing more than 80%
Family guarantee
A parent can use their property as additional security to avoid LMI
First Home Guarantee
Government scheme allowing 5% deposit without LMI for eligible first home buyers
Professional packages
Some lenders waive LMI for doctors, lawyers, accountants with 90% LVR
Lender promotions
Some lenders occasionally offer LMI waivers or discounts
Note: LMI premiums are indicative only and vary by lender and insurer. Actual premiums may differ based on loan type, employment status, and other factors. LMI can usually be added to your loan amount (capitalised). Contact us for accurate quotes.
Disclaimer: This page provides general information only and has been prepared without considering your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.