Lender’s Mortgage Insurance varies depending on loan size, deposit size/LVR and by lender, so each scenario should be considered closely on lender fit when considering LMI.

Using a $600k purchase, as an example:

A 15% deposit results in LMI of $5.2k to $7.7k depending on lender.

A 10% deposit increases LMI to $9.5k to $15.5k.

A 8% deposit incurs LMI of between $14k and $23k.

Larger loan sizes result in larger LMI, let us do the research to reduce your Lenders Mortgage Insurance costs.