Calculator
LVR, and what LMI will cost you.
LVR is calculated on the lower of purchase price and bank valuation. LMI is priced in bands - and capitalising the premium can push you into a higher band.
Security and loan
Lenders use the lower of purchase price and valuation as the security value.
Check these inputs before relying on the result
- Purchase price is required.
- Loan amount is required.
Important
These results are estimates for general informational purposes only. They are not a loan approval, a formal quote, or an offer of credit, and they are subject to individual lender assessment, verification of your income, expenses and credit history, and current lender policy. This is not personal financial or credit advice and does not take your objectives or circumstances into account.
Interest rates and comparison rates vary by lender, loan purpose, LVR and your individual circumstances, and can change at any time. Any rate used here is the figure you entered, not a rate offer.
LMI premiums shown are indicative estimates based on placeholder banded rates. Real premiums are set by the insurer (Helia, QBE or a lender-specific schedule) and vary by loan size, LVR, loan purpose, employment type and any first home buyer or professional waiver. Verify against a live insurer calculator before relying on the figure.
Want to structure the loan to avoid LMI?
A free, no-obligation 30-minute call is usually enough to know exactly where you stand and what to do next.