Buying & Selling

LMI Calculator — Lenders Mortgage Insurance (Australia)

Estimate the lenders mortgage insurance premium on an Australian home loan. Enter the loan amount and property value; the calculator returns the LVR, the deposit implied, and an indicative premium banded by both loan size and LVR — the two variables insurers actually price on. LMI is waived at or below 80% LVR and is generally unavailable at 99% or above, and the calculator says so rather than inventing a figure. Useful for buyers weighing whether to save a larger deposit and brokers showing the cost of crossing an LVR threshold.

LMI Estimate
Indicative lenders mortgage insurance premium, banded by loan size and LVR.
Buying & Selling
Inputs
$
$
Results
LVR
90.0%
Deposit
$80,000
Estimated LMI
$15,840
As % of Loan
2.20%
LMI is waived at or below 80% LVR and generally unavailable at 99% or above. Premiums are an approximation of published tables — they vary by insurer, lender, occupancy and whether the premium is capitalised. Confirm the exact figure with the lender.
These results are indicative estimates only. They do not constitute financial advice. Actual repayments, costs, and savings may vary. Always verify with a licensed Australian mortgage broker.