Deposit & LMI calculator
How your deposit stacks up, whether Lenders Mortgage Insurance applies, and roughly what it would cost.
Your numbers
Not your total savings — this is the part going towards the property.
Lenders Mortgage Insurance
$0
Estimate only
On price and deposit you look eligible — that would mean no LMI, saving roughly $20,100. Places and eligibility rules still apply.
Your position
Loan amount
$600,000
Deposit
$50,000
7.7%
Loan-to-value ratio (LVR)
LMI applies above 80%
92.3%
Deposit needed to avoid LMI
$80,000 more than you have
$130,000
Indicative LMI premium
About 3.35% of the loan
$20,100
First Home Guarantee
Looks eligible
Because you look eligible for the First Home Guarantee, the LMI figure above is what you'd avoid paying, not what you'd owe.
What this calculation assumes
- LMI is assumed to apply above 80% LVR.
- The LMI figure is from an indicative premium table. Real premiums vary by insurer, lender and your circumstances, and can often be added to the loan rather than paid upfront.
- The deposit figure is what's left after stamp duty and other upfront costs — check the upfront costs calculator too.
Want to understand the number?
The deposit is the biggest hurdle for most first home buyers — and the one where the rules have changed most. Here's what's actually required now.
Read Your deposit & savings planWant someone to look at your actual numbers?
Book a free 30-minute chat. No pitch, no obligation — just a plain-English read on where you stand and what your options are.