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LMI Calculator

Calculate your Lenders Mortgage Insurance cost instantly. See how much extra you'll pay when borrowing above 80% LVR.

ⓘ Disclaimer: This LMI estimate is based on general lending criteria and typical insurance rates. Actual LMI premiums vary by lender, loan type, credit profile, and insurance company. Confirm your actual LMI cost with your chosen lender before applying.

Your LMI Result

LVR (Loan-to-Value)

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LMI Premium

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Total Loan Cost (with LMI)

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Frequently Asked

LMI (Lenders Mortgage Insurance) protects the lender if you default on your loan. It's required when you borrow more than 80% of the property value. You pay the premium upfront or add it to your loan.
When your LVR (Loan-to-Value Ratio) exceeds 80%. For example, borrowing $425k on a $500k property = 85% LVR = LMI required.
Yes. Save a 20%+ deposit to get below 80% LVR. Some lenders offer LMI waivers for specific professions or loan types — ask your broker.
Yes. Once your LVR drops to 80% or below (through repayments or property appreciation), you can apply to have LMI removed — usually 3-5 years.

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