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Your LVR — and what LMI might cost.

Loan-to-value ratio drives your rate, your lender options and whether lenders mortgage insurance applies.

Your numbers

Property value$800,000

Deposit (incl. equity)$120,000

Cash savings plus any usable equity — before stamp duty and costs.

Loan amount needed$680,000

Loan-to-value ratio

85%

LMI likely

0%80% — LMI kicks in90%100%

Estimated LMI premium

≈ $6,800

Usually capitalised onto the loan. Premiums step up sharply at each LVR band.

Tip: You're $40,000 away from 80% LVR — finding that extra deposit (or a family guarantee, or an LMI-waiver profession policy) could remove LMI entirely.

⚠️LMI premiums vary significantly by insurer, lender and borrower profile — this is a banded estimate only and must be reviewed by a licensed broker. Some professions and guarantor structures avoid LMI altogether.