LMI calculator
Estimate lenders mortgage insurance from your deposit and price. This is an indicative guide only — there is no public LMI price list, so your lender or insurer sets the actual premium.
LMI estimate
Indicative only$9,720 estimated LMI premium
- Loan amount
- $540,000
- Loan-to-value ratio (LVR)
- 90.0%
- Premium band
- 85.01% to 90%, $500,000 to $750,000
Indicative estimate only — not a quote. There is no public LMI price list; this is derived from published insurer indicative grids and will differ from your lender or insurer. LMI may be waived for eligible first-home guarantee places.
Read this first. LMI premiums are commercial and not published as a public dataset. The figure here is derived from published insurer indicative grids and is a ballpark, not a quote. Always confirm with your lender, and check whether a First Home Guarantee place would remove LMI entirely.
RepaymentsYour monthly cost, LMI asideBorrowing powerHow much you could borrowFirst home buyerGuarantee places and duty savings
Common questions
- What is LMI and when do I pay it?
- Lenders mortgage insurance protects the lender if you default. It usually applies when your deposit is under 20% of the price (a loan-to-value ratio above 80%). It is a one-off cost, often added to the loan.
- How accurate is this estimate?
- It is indicative only. There is no public LMI price list — premiums are set by the insurer (Helia, QBE and others) and vary by lender, LVR, loan size and your profile. Treat this as a ballpark; your lender gives the real figure.
- Can I avoid LMI?
- A 20% deposit avoids it. Eligible first home buyers may get a First Home Guarantee place, where the government guarantees part of the loan and LMI is not charged. Some lenders waive LMI for certain professions.