About LMI Calculator Australia
Effective 29 September 2026. Last updated 1 October 2026.
1. Who we are
LMI Calculator Australia is run by the operator of LMI Calculator Australia. We are not a lender, a mortgage broker or an insurer, and we are not affiliated with any lender, LMI insurer or government agency.
The site is written for Australians buying with less than a 20% deposit: first home buyers first, then people upgrading, investors and anyone refinancing above 80% of their property's value.
2. What the site does
- Checks first whether the 5% Deposit Scheme or a profession waiver could remove LMI for you.
- Estimates the likely LMI range for your deposit, loan and state, with the duty your state charges on the premium.
- Works out your loan-to-value ratio (LVR) and what adding LMI to the loan does to it.
- Explains how LMI works, what it costs and who provides it, with a source for every figure.
3. Why our estimate is a range
No LMI insurer publishes its full price list, so no website can calculate your exact premium. Our range is built from 27 LMI figures that 8 Australian lenders publish themselves, checked 29 September 2026. Every result shows the published figures closest to your loan, with a link to each. The full method is in how LMI is calculated.
4. Who is behind the content
Andrew Wortman researches and maintains LMI Calculator Australia from Sydney. He holds a PhD in Financial Studies and has 5 years of experience in finance. He builds every estimate from figures Australian lenders and government bodies publish, and lists each source with the date he checked it. He is not a mortgage broker or financial adviser, and nothing on this site is a quote.
Every page lists its sources and the date they were checked, so you can confirm any figure yourself.
5. How the site is funded
The calculators and guides are free and need no sign-up. The site carries no advertising, collects no enquiries and earns no commission from lenders, brokers or insurers. If that changes, we will say so on this page and in our disclaimer before it happens.
6. Our standards
- Editorial policy: where our figures come from, how we check them and how we correct mistakes.
- Disclaimer: general information, not credit, financial or tax advice.
- Privacy: what we collect, which is almost nothing.
- Terms: the rules for using the site.
7. Contact
hello@lmicalculator.com.au See our contact page for what to include when you write.
By using LMI Calculator Australia you acknowledge that it gives general information and estimates, not advice.