LMI Calculator
Estimate Lenders Mortgage Insurance costs based on your deposit and property value.
Property & Deposit
$700,000
$100,000$3,000,000
$70,000
$0$700,000
LMI Estimate
Loan-to-Value Ratio (LVR)
90%
LMI applies above 80% LVR
Loan Amount
$630,000
Estimated LMI
$13,230
Total Loan (incl. LMI)
$643,230
LMI is typically added to the loan
What is LMI?
Lenders Mortgage Insurance protects the lender (not you) if you default on your loan. It's required when your deposit is less than 20% of the property value. LMI is a one-off premium, usually added to your loan amount.
LMI estimates are approximate. Actual premiums vary by lender, loan size, and LVR. Some lenders offer LMI waivers for professionals. Contact us for an accurate quote.
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