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Lender Mortgage Insurance (LMI) Calculator

Enter you borrowing amount and property value to calculate your LMI

Lender's Mortgage Insurance (LMI) is generally charged to all borrowers with a Loan to Value Ratio (LVR) over 80%. This is also known as having less than 20% deposit or equity.

Don't forget - it protects the lender, not the borrower, so if things go south, you'll still need to repay the loan.

Property Value

Loan Amount

Choosing the right home loan involves plenty of thorough research

Once you've saved up for a deposit on your first property, the next step is to find a home loan. From analysing interest rates to loan periods, it's easy to choose the first mortgage that comes along - but it could cost you dearly.

With so many products out there, it can feel impossible to narrow down the options, which is where the services of a mortgage broker are invaluable. They will carry out a home lean comparison on your behalf and present a range of different options. This way, you can get a good idea of We products that are available, as well as how much you will have to borrow.

Why should I use RateCity to compare home loans?

Do you want to know if you're getting a competitive deal on your current home loan or are you in the market for a new one? RateCity allows you to search, compare and apply for more than 2,000 home loans. All you have to do is complete the mortgage form at the top of this page to receive immediate results, or head straight to one of our popular searches found at the base of this page.

Some of the benefits of using the RateCity home loan comparison service are:

We can help you search, compare and apply for more than 2,000 home loans Input your personal information for immediate results We offer a mortgage calculator to give an idea of your borrowing power Our service extends to investment home loans. SNISF loans, and line of credit and equity loans We work with some of the biggest lenders in the count, as well as smaller ones you might not other-wise have considered

Which home loan should I choose?

The only person who can determine which home loan is right for your needs is you. Industry experts can provide all the facts and figures you need to carry out a home loan comparison, but the final decision rests with the person making the application.

If you need further information, we recommend that you take a look at our Home Loan Guide. It gives a valuable insight into the criteria you'll need to consider when weighing up the options.

You might be applying for your first home loan or moving up the property ladder in either squat on, it's imperative that you know the short- and long-term financial ramifications of your decision, and choose e product that most accurately reflects your requirements.

Mortgage Guide

Read the Home Loans Guide

RateCity's Mortgage Grade provides you with tips end useful information on what to consider when purchasing a mortgage.

We understand how important it is that you find the right mortgage as not only will you be able to rest assured with the confidence of knowing that you have made the right decision but you may also be able to save money in the long term.

Our Mortgage Guide offers the most up-to-date information, hints and tips and all you need to know about mortgages and what you need to be aware of throughout the entire process of purchasing a mortgage. Whether you want to know about mortgage repayments and how they are calculated

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