Example Banner Ad

LMI Calculator

Comprehensive LMI Calculator

LMI Calculator

Please enter a valid property value
Please enter a valid loan amount
Loan to Value Ratio (LVR) 0.00%
Base LMI Premium $0.00
GST $0.00
Stamp Duty $0.00
Total LMI Premium $0.00

LMI Rate Tiers

LVR Range Primary Residence Investment Property
≤ 80% No LMI Required No LMI Required
80.01% – 85% 1.13% 1.36%
85.01% – 90% 2.14% 2.57%
90.01% – 95% 3.15% 3.78%
> 95% 4.20% 5.04%

State Stamp Duty Rates

State/Territory Stamp Duty Rate
NSW9%
VIC10%
QLD9%
WA10%
SA11%
TAS10%
ACT6%
NT10%

Calculation Formulas

Loan to Value Ratio (LVR)

LVR = (Loan Amount / Property Value) × 100%

Base LMI Premium

Base Premium = Loan Amount × LMI Rate

GST

GST = Base Premium × 10%

Stamp Duty

Stamp Duty = (Base Premium + GST) × State Rate

Total LMI Premium

Total Premium = Base Premium + GST + Stamp Duty

Let us Help You!!!

We value your inquiries, send us a message and we'll get back to you