Loan Calculators · LMI

LMI Estimator

Understand your Loan to Value Ratio and estimate Lenders Mortgage Insurance — and when you can avoid it.

Loan Details

$700,000
$595,000

Deposit = Property Value − Loan Amount

Deposit / Equity$105,000
Deposit %15.0%

LMI applies — 80–85% LVR

LVR

85.0%

LMI applies above 80%

Estimated LMI

$3,570

Added to loan or paid upfront

Loan Amount

$595,000

Deposit: $105,000

LVR Zones

< 80%
80–85%
85–90%
90–95%
95%+
< 80%— No LMI
80–85%— Low LMI
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85–90%— Moderate LMI
90–95%— High LMI
95%+— Very high

What is LMI?

Lenders Mortgage Insurance protects the lender— not you — if you default on your loan. It's required when the LVR exceeds 80%, and can usually be added to the loan amount (capitalised).

💡 Some lenders waive LMI for medical professionals, accountants, lawyers, and high-income earners. Ask your broker.

⚠ LMI rates vary by lender and loan size. Estimate is indicative only. Some lenders calculate LMI differently. Speak to a broker before making property purchase decisions.

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These numbers are a starting point. Our brokers will run the real figures based on your full financial picture — at no cost.

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