LMI Waiver Benefit Calculator

Compare an application that pays LMI against a profession-based LMI waiver at the same deposit.

Some waiver products price slightly higher; adjust as needed.
Deposit amount$0
LVR0%
LMI estimate (if payable)$0
Waiver eligibilityUnknown
Loan amount LMI paid Cash required at settlement Repayment (monthly) Interest first 5 years

How to use
  • Enter the price and deposit. Choose a profession and adjust rates if required.
  • The calculator compares a standard application (with LMI) against a waiver product at the same deposit.
  • Toggle “capitalise LMI” to see the impact of adding LMI to the loan versus paying it up-front.

Important: LMI premiums vary by lender, LVR band and borrower profile. Waiver limits also vary (e.g., some lenders offer 90% for teachers, up to 95% for medical specialists). Use this as a guide only.

Disclaimer: This is general information, not advice. Results are indicative and exclude government charges, lender fees, discounts, package fees and future rate changes. Eligibility for any LMI waiver is subject to lender policy and verification. Obtain personal advice before acting.

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