Accredited with Australia's leading lenders
Estimate your Lenders Mortgage Insurance premium based on your property value and deposit — then get a free, no-obligation review from our brokers.
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Modelled on a published Helia-based premium table — your actual lender's insurer may differ, and your real premium is confirmed before settlement.
A bigger deposit isn't the only way to avoid or reduce LMI — some lenders waive it for certain professions. Want us to check what applies to you — free, no obligation?
Guide estimate only, modelled on a published Helia-based premium table — not an exact quote. Actual LMI premium depends on your lender's chosen insurer, loan purpose, and full application. Does not constitute financial advice.
Most Australian lenders use either Helia or QBE LMI as their insurer — and their premium rates differ slightly. But the bigger opportunity is often whether you need to pay LMI at all. Many lenders waive it for eligible professions, and most participate in the government's First Home Guarantee scheme, which eliminates LMI entirely for eligible first home buyers.
Your LMI estimate is one piece of the puzzle — there may also be ways to reduce or avoid it. Here's what happens next.
See why clients work with us →"We thought we needed a 20% deposit or we'd be stuck paying LMI. Sam found us a guarantor structure that avoided it completely."
"I'm a nurse and didn't know my profession qualified for an LMI waiver with certain lenders. That single fact saved us thousands."
Sometimes — certain professions (medical, legal, accounting and similar) can access LMI waivers with some lenders at higher LVRs, and some government schemes (like the Home Guarantee Scheme) let eligible first home buyers borrow above 80% LVR without LMI at all. Whether you qualify depends on your situation — worth asking about on a call.
Yes, in many cases — a family guarantee (using a portion of a family member's property as additional security) can reduce your effective LVR below 80% and avoid LMI entirely, even with a small or no deposit. It's a bigger decision than this calculator can capture — happy to walk through whether it makes sense for your situation.
Most lenders let you capitalise the LMI premium into your loan amount rather than paying it as a separate upfront cost — meaning you pay it off over the life of the loan (with interest) instead of finding the cash at settlement. There are trade-offs either way, which we can talk through on a call.