Lenders mortgage insurance (LMI) calculator

Important information

Calculator results are estimates for general guidance only. They're based on the information you enter and the calculator's assumptions, and don't take into account all of your personal circumstances, financial commitments or lender eligibility criteria.

These tools are for illustration only. They aren't financial advice, a quote, an offer of credit or a pre-approval, and shouldn't be relied on when making property or finance decisions. Calculation assumptions and system updates can affect accuracy.

Before you commit to a loan or make an offer on a property, talk to a Finfident broker for an assessment of your situation and a formal assessment from a lender. Interest rates shown are examples only. Lending criteria, fees and charges apply.

Finfident Finance Brokers isn't liable for any loss arising from reliance on these calculators. Always get professional advice for decisions that affect your financial wellbeing. Finfident Finance Brokers (ABN 94 679 280 801) is Credit Representative 569374 of Outsource Financial Pty Ltd, Australian Credit Licence 384324.

About LMI estimates. LMI premiums are set by the mortgage insurer each lender uses (such as Helia or QBE LMI) and differ between lenders, insurers, loan purposes, loan sizes, borrower types and LVRs. This calculator uses indicative premium rates and state stamp duty on the premium, so the actual cost quoted by your lender may be higher or lower, sometimes by thousands of dollars. Some lenders also offer reduced or waived LMI for certain professions, and eligible first home buyers may avoid LMI under the Australian Government 5% Deposit Scheme. Ask us for an exact quote.