Buying
Lender’s mortgage insurance
LMI is priced by the insurer against a confidential matrix, so no outside calculator can quote it. What this can do is show the shape of the curve — how sharply the premium rises between 85%, 90% and 95% of the property value.
Your numbers
750,000
75,000
Result
Indicative premium
$14,216
- Loan to value ratio
- 90.0%
- Loan amount
- $675,000
- Extra deposit to reach 80%
- $75,000
At 80% most lenders charge no premium at all.
- At 95%$28,486
- At 90%$14,216
- At 85%$5,750
This is an indicative band for comparison. It is not a quote, and the real premium can differ substantially.
What this does not tell you · Real premiums depend on the insurer, the lender, the borrower’s profile and the loan purpose. Some lenders self-insure, some waive it for particular professions, and some price it into the rate instead. Only the lender can tell you the number.
Put this on your own site
This calculator ships as part of a Finance OS build, on your brand and your booking link, so an enquiry that starts with a number ends in your calendar rather than on a bank’s website.