Looking for a loan?
Compare Investment Home Loans and SMSF Loans
Home Calculators Lenders Mortgage Insurance Calculator
Lenders Mortgage Insurance Calculator
If you’re borrowing more than 80% of the purchase price of a home, you’ll need to pay Lender's Mortgage Insurance (LMI).
Estimated results
LMI estimate
$0
LVR
0.00%
This cost is based on a loan amount of $0, a property value of $0 and a deposit of $0 for a first home buyer.
Not all LMI calculations are the same. They vary between lenders based on a number of factors.
Lenders mortgage insurance calculator assumptions:
Assumptions:
This calculator provides an estimate only, and may not be an accurate calculation of the LMI payable on your loan. Results are based on a 30 year loan term. The calculator does not consider a number of factors which influence LMI, such as a borrower’s financial situation and assets, and the security property type.
Looking to invest or refinance?
Advertisement
About the Lenders Mortgage Insurance Calculator
Depending on your lender’s requirements, LMI allows you to borrow up to 95% of the purchase price of your home, with a lower deposit than is usually required. Traditionally, lenders require borrowers to have at least a 20% deposit. However by using LMI, lenders are able to offer lower deposit home loans. LMI protects the lender if a borrower is unable to meet their mortgage repayments and the property has to be sold.
If the proceeds from the sale of the property are insufficient to cover the outstanding loan balance and other costs incurred by your lender in relation to enforcing the mortgage, the lender is able to claim any shortfall from Genworth calculated in accordance with the terms of the insurance policy. Note: LMI should not be mistaken for Mortgage Protection Insurance, which covers your mortgage repayments in the event of death, sickness, unemployment or disability.
Disclaimer
This lenders mortgage insurance calculator provides an estimate only. The results of the premium estimator should be used as an indication only and are based on the information provided. An estimate is not a premium quote from Genworth Financial Mortgage Insurance Pty Limited (Genworth) or any other Lenders Mortgage Insurance (LMI) provider.
Provision of an estimate is not an indication that Genworth has approved the LMI risk. The ultimate premium payable for LMI may differ from the estimate provided for a number of reasons, including the personal circumstances of the borrower, the type of loan product selected and the type and location of the security property.
Need help with an SMSF home loan?
Speak to an SMSF lending specialist
Speak to an SMSF lending specialist
Whether you're looking to refinance or purchase investment property with your SMSF our partners can help you find the right SMSF home loan.
By submitting this form you agree to the following: YourInvestmentPropertyMag.com.au’s Terms of Use, YourInvestmentPropertyMag.com.au Privacy Policy and Loans.com.au’s Conditions and Privacy Policy.
Important information
YourInvestmentPropertyMag.com.au provides general information and comparison services to help you make informed financial decisions. We do not cover every product or provider in the market. Our service is free to you because we receive compensation from product providers for sponsored placements, advertisements, and referrals. Importantly, these commercial relationships do not influence our editorial integrity.
For more detailed information, please refer to our How We Get Paid, Managing Conflicts of Interest, and Editorial Guidelines pages.
At YourInvestmentPropertyMag.com.au, we are passionate about helping Australians make informed financial decisions. Our dedicated editorial team works tirelessly to provide you with accurate, relevant, and unbiased information. We pride ourselves on maintaining a strict separation between our editorial and commercial teams, ensuring that the content you read is based purely on merit and not influenced by commercial interests.
Learn more about our commitment to editorial integrity in our Editorial Guidelines.
Our service is free for you, thanks to support from our partners through sponsored placements, ads, and referrals. We earn compensation by promoting products, referring you, or when you click on a product link. You might also see ads in emails, sponsored content, or directly on our site.
For more details, see How We Get Paid.
We strive to cover a broad range of products, providers, and services; however, we do not cover the entire market. Products in our comparison tables are sorted based on various factors, including product features, interest rates, fees, popularity, and commercial arrangements.
Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes.
Additionally, certain products may present forms designed to refer you to associated companies (e.g. our mortgage broker partner) who may be able to assist you with products from the brand you selected. We may receive a fee for this referral.
You can customise your search using our sorting and filtering tools to prioritise what matters most to you, although we do not compare all features and some results associated with commercial arrangements may still appear.
For more details, visit How We Get Paid and Managing Conflicts of Interest.
For home loans, the base criteria include a $400,000 loan amount over 30 years. These rates are only examples and may not include all fees and charges.
*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.
Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you.
YourInvestmentPropertyMag.com.au is proudly part of the InfoChoice Group, which includes InfoChoice.com.au, Savings.com.au, YourMortgage.com.au, and PerformanceDrive.com.au. The InfoChoice Group is associated with the Firstmac Group.
We may include products and services from loans.com.au, CarLoans.com.au, OnlineAuto.com.au, and YourMortgageBroker Pty Ltd, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner.
Learn more about how we manage conflicts of interest.
The information provided by YourInvestmentPropertyMag.com.au is general in nature and does not take into account your personal objectives, financial situation, or needs. We recommend seeking independent financial advice before making any financial decisions. Before acquiring any financial product, obtain and read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and any other offer documents.
Rates and product information should be confirmed with the relevant credit provider. For more information, read YourInvestmentPropertyMag.com.au’s Financial Services and Credit Guide (FSCG).