What does this LMI calculator estimate?

It estimates an illustrative lenders mortgage insurance premium from property value, deposit (or LVR), loan purpose and any professional-waiver pathway you select. The model uses common LVR band steps — it is not a Helia, QBE or lender quote.

Is LMI the same in every Australian state?

The base premium is driven by LVR, loan size and lender or insurer arrangements, not by a separate state rate table. What changes by state is typical property price (and therefore loan size), stamp duty on LMI where it applies, and first-home schemes that can reduce or remove LMI.

Should I pay LMI in cash or capitalise it?

Paying cash keeps the loan smaller. Capitalising adds the premium to the loan so repayments and interest rise. Use the cash-versus-capitalised comparison in the tool for a rough sense, then confirm with a formal quote — capitalising can push LVR into a higher premium band.

Can I avoid LMI without a 20% deposit?

Sometimes. Family guarantor security, the First Home Guarantee (and related schemes), and some professional LMI waivers can remove or reduce LMI depending on eligibility and lender policy. The calculator flags common pathways for education; a broker checks whether they fit your file.

Why is the Helia or bank quote different from this estimate?

Insurers and lenders apply their own tables, discounts, postcode rules and loan-size caps. You do not choose Helia or QBE yourself — the lender does. Treat this page as a planning estimate; the binding number comes with the credit assessment.

Azure Home Loans · LMI calculator

LMI calculator Australia — estimate lenders mortgage insurance

LMI calculator — how much is lenders mortgage insurance?

Enter a property value and deposit to see an indicative lenders mortgage insurance premium, whether a professional waiver or guarantee place could remove it, and what each extra dollar of deposit saves. Illustration only — insurers price by postcode, loan size and lender.

Estimated LMI premium

$12,285

About 1.95% of a $630,000 loan on an owner-occupier purchase.

Loan-to-value ratio: 90.0%
LMI payable: Yes
Indicative rate on loan: 1.95%
Waiver pathway: Not selected

Property value / purchase price

Deposit saved

10.0% deposit · 90.0% LVR

Loan purpose

Owner-occupierInvestment

Are you in a profession with published LMI waivers?

No professional waiver modelled — the standard premium applies in this illustration.

Deposit pathway

Standard loanGovernment guarantee placeFamily guarantor

Guarantee places and family guarantor structures both remove commercial LMI when the lender accepts the structure — eligibility, price caps and place availability decide it, not the calculator.

Pay premium in cash

$630,000

Base loan · 90.0% LVR

Capitalise into loan

$642,285

91.8% LVR incl. premium

Extra interest if capitalised (illust. 6% p.a.)

About $3,566 more interest over 5 years, or $4,914 over 7 years — plus roughly $74/mo on the repayment. Paying cash avoids that interest but needs settlement funds.

Next deposit milestone

Another $35,000 of deposit takes you to 85% LVR, where the illustrated premium drops to $5,058 — about $7,227 less than the estimate above. Premiums step at band edges, so the last few thousand dollars often matter more than the first.

Premium at each deposit size — $700,000 purchase

Deposit	LVR	Est. LMI
5% · $35,000	95%	$21,613
10% · $70,000	90%	$12,285
15% · $105,000	85%	$5,058
20% · $140,000	80%	No LMI

Same purchase price, different deposits — the jump between rows is the cost of stopping short of a band.

Three ways buyers legitimately avoid LMI: a deposit at or above 20%, a government guarantee place, or a family guarantor. Professional waivers are a fourth path for defined cohorts. Model the scheme route on the first home buyer guide, confirm places and price caps on firsthomebuyers.gov.au, and compare lender cohorts on professional LMI waiver pathways.

Pair with stamp duty planning for full funds to complete. Insurance duty on the LMI premium itself applies in some states and not others — ask your lender for the state-specific figure on your quote. Speak to a broker when you want numbers checked against live lender policy.

General information only. These calculators provide estimates based on the numbers you enter. They do not constitute credit advice, take your full situation into account, or replace a lender's assessment. Fees, eligibility, and actual offers vary. Speak with a broker for guidance tailored to you.

Model an illustrative LMI premium before you stretch a deposit or assume a 20% cash target is the only path. When you want lender-specific quotes, scheme fit, or a waiver check, send an enquiry or call 0400 77 77 55.

Full calculator toolkit — LMI explained guide, LMI waivers, take-home pay, and repayments.

LMI calculator FAQ

Short answers for the questions people ask right after they run the numbers.

Want these home loan numbers checked against real lenders?

Estimates help orientation — product rules, assessment rates, fees, and offsets change what a home loan actually looks like at submission. As your mortgage broker, Bishnu Adhikari can stress-test what you modelled. Send a short note below, use the full contact form, or call 0400 77 77 55. You reach Bishnu Adhikari, not a queue.

Prefer WhatsApp? Message Azure Home Loans · Full contact form · 0400 77 77 55

After the premium estimate

Read the deposit and scheme context before you lodge

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Prefer the full index? Resources home

Have an LMI estimate — need a lender pathway?

Call 0400 77 77 55, WhatsApp, or send an enquiry — Bishnu Adhikari replies directly.

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