Lenders mortgage insurance (LMI) is one of the most popular ways to achieve the dream of home ownership sooner for borrowers that don't have a large deposit. LMI can either be paid upfront or capitalised into the loan. Genworth have created an LMI premium estimator to give you an indication of the LMI premium payable.
While every effort has been made to ensure the accuracy of this premium estimator, the actual premium may vary depending on a range of factors, including but not limited to, the loan purpose, borrower type or security type. The results should be used as an indication only.
The premium calculation is an estimation of the borrower payment and only during application with a lender will the final premium amount be calculated based on loan factors.