Estimated LMI Premium
A$NaN
Loan-to-Value Ratio (LVR)
NaN%
Loan Amount
A$NaN
LMI Capitalised (added to loan)
A$NaN
Lenders Mortgage Insurance Calculator — Property Value A$18,00,000
With property value of A$18,00,000, the estimated lmi premium is A$78,300.
LMI applies when deposit is under 20% of property value
Loan-to-Value Ratio (LVR)
90.0%
Loan Amount
AUD5,40,000
Estimated LMI Premium
AUD8,100
LMI Capitalised (added to loan)
AUD8,100
LMI estimates are approximate — actual premiums vary by lender, loan purpose, and insurer (Genworth or QBE). Owner-occupied and investment loans have different rate schedules. LMI protects the lender, not the borrower.
What is the Lenders Mortgage Insurance Calculator?
LMI (Lenders Mortgage Insurance) is an insurance policy that protects the lender (not you) if you default on your home loan. It is charged when your deposit is less than 20% of the property value (LVR > 80%). The premium can be paid upfront or capitalised into the loan.
Formula
LVR = Loan Amount ÷ Property Value × 100. LMI = Loan Amount × LMI Rate% (varies by LVR band).- L
- = Loan amount
- r_LMI
- = LMI rate for LVR band
How to use the Lenders Mortgage Insurance Calculator
- 1
Step 1
Enter the property value.
- 2
Step 2
Enter your deposit.
- 3
Step 3
View your LVR, loan amount, and estimated LMI.
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Frequently asked questions
How can I avoid paying LMI in Australia?
Save a 20% deposit, use the First Home Guarantee (5% deposit with government guarantee — no LMI), use a guarantor, or be a medical/legal professional (some lenders waive LMI for qualifying professions up to 90% LVR).
Sources
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Calculated with CalcCrack