LMI calculator
This calculator can be used as a guide and is based on the calculation methods and Lenders Mortgage Insurance premium tables used by the major banks and other lenders.
LMI providers / Mortgage insurers: This LMI calculator can help you to calculate & compare the premiums of several mortgage insurers. Due to limitations put on us by the banks we cannot publish the names of the banks with their quoted LMI premiums. The following LMI providers are included in our calculations (in no particular order):
- Genworth Financial.
- QBE LMI / PMI.
- St George Insurance (SGI).
- Westpac LMI (WLMI).
- ANZ LMI.
- ING REF.
- And the LMI premiums available through several lenders with special pricing with either Genworth of QBE. This includes one or more major banks.
If you would like to know the cheapest LMI premium available for your loan then please enquire online and one of our mortgage brokers will assess which lenders & LMI products you qualify for and the cheapest possible LMI premium.
The following lenders use Lenders Mortgage Insurance (LMI): Adelaide Bank, AIG Financial Solutions, AMP, ANZ, Australian First Mortgage, Australian Secured & Managed Mortgages (ASMM), Australian Unity, Bank of Queensland, BankWest, Better Mortgage Company, Bluestone (Risk fee), Challenger, Citibank, Collins Securities, Commonwealth Bank of Australia (CBA), FirstMac, Heritage Building Society, Homeloans Limited, Homeside Lending, ING Direct (REF risk fee and LMI), Keystart Home Loans, LaTrobe Home Loans, Liberty Financial , Loan Ave, Mainstream Capital, Merchant Mortgages, MKM Capital (Risk fee), Mortgage Asset Services, National Australia Bank (NAB), Paramount Mortgage Services, Pepper Home Loans, RAMS, St George Bank (StG / SGB), Suncorp Metway, The Rock Building Society and Westpac Bank (WBC).
