This is the live LMI calculator. Enter a property price and deposit to see the estimated lenders mortgage insurance cost instantly.
yourbusiness.com.au/lmi-calculator
Step 1 of 5 — Property Details
1Property Details
2Location
3Buyer Type
4Government Scheme
5Pre-Approval Details
Property Details
$AUD
$AUD
Your estimate
Loan amount
$540,000
Estimated LMI premium
$10,800
Stamp duty on LMI
$972
Extra deposit to avoid LMI
$60,000
Total$11,772
Price range: $10,595 – $12,949
This estimate is valid for 30 days.
This is a price indication only. Our team will be in touch to confirm the final price after assessing the job.
*This is an estimate only. Your lender or mortgage broker will confirm the actual LMI premium, which varies by insurer and loan.
Step 1 of 5 — Property Details
1Property Details
2Location
3Buyer Type
4Government Scheme
5Pre-Approval Details
Property Details
$AUD
$AUD
LMI Calculator · powered by LeadkitPowered by Leadkit
Live calculator preview — exactly what embeds on your site
Instant Notifications
Know the Moment a Lead Arrives
The second someone completes your calculator, you get a celebration notification with their full details — name, contact, project info, and estimated value.
Real-time alerts — no refreshing needed
Full customer details at a glance
One click to view the complete lead
Score and value calculated automatically
🎉
Your first lead just arrived!
Someone just requested an estimate on your website — their details have been captured and a new lead is ready in your dashboard.
Sarah Mitchell
Just now
Hot
Email sarah@example.com
Calculator LMI Calculator
Status New
Est. value $4,200
View Lead Details
I'll check it later
Automated Emails
Professional Emails Sent Automatically
Every calculator submission triggers branded emails — an instant estimate for your customer and a detailed lead notification for you.
Customer Estimate — Instant branded estimate sent to your customer
Lead Alert — New lead notification sent to your inbox
Updated Estimate — Revised estimate sent when you update pricing
Expiry Notice — Reminder sent when an estimate is about to expire
Tradies who stopped chasing leads and started winning them. In their own words.
“
Set it up Tuesday. By Friday I had three quote requests in my inbox. One turned into a $14,200 bathroom job. Pays for itself ten times over.
4 → 31
Quote requests per month
$74,400
In booked jobs · 90 days
5×
Pipeline vs. before
DK
Dan K.
Bathroom Renovator · Brisbane · On Leadkit since Jan 2026
Return on investment
Stop losing leads to generic LMI tools
Buyers searching 'LMI calculator Australia' are ready to act. Capture those leads on your own branded calculator instead of sending them to a competitor.
300
35%
$25k
With Leadkit, you'd earn
$578k/month extra
Based on a 8.3× uplift over a plain contact form, applied to your inputs.
All prices in AUD · GST inclusive · Cancel any time, no calls or forms
Common questions
What others asks before signing up?
What is LMI and how much does it cost?
Lenders Mortgage Insurance (LMI) is a one-off premium paid when your deposit is less than 20% of the property price. Costs range from around $5,000 to over $25,000 depending on your loan-to-value ratio (LVR), loan size and insurer. This calculator provides an estimate based on indicative Australian rates.
How do I avoid paying LMI?
The most common way to avoid LMI is to save a 20% deposit so your LVR is 80% or below. First home buyers may also qualify for the Australian Government's First Home Guarantee scheme, which lets you buy with as little as 5% deposit and no LMI. Some lenders waive LMI for certain professionals such as doctors and lawyers.
Can the First Home Guarantee waive LMI?
Yes. Under the First Home Guarantee, the government guarantees the gap between your deposit and 20%, removing the need for LMI. From October 2025, there are no income caps and unlimited places. Property price caps apply by state and region.
How accurate is this LMI estimate?
This calculator uses indicative premium rates based on published Australian insurer schedules. The actual LMI premium varies by lender, insurer (Helia, QBE or Arch) and borrower profile. Your mortgage broker will confirm the exact figure during your application.
Can I embed this calculator on my broker website?
Yes. Leadkit provides a single line of embed code that works on WordPress, Webflow, Squarespace, Wix and Shopify. The calculator matches your brand colours and captures leads directly into your Leadkit dashboard.
What do I get when someone fills out the calculator?
You receive an instant notification with the buyer's name, email, phone, property details, deposit amount, LVR and estimated LMI cost. A branded PDF estimate is also sent to the buyer with your logo and contact details.
I don't have a website — can I still use it?
Yes. Every Leadkit calculator gets its own SEO-optimised landing page at leadkit.com.au that ranks in search results. Share the link directly or use it as your primary lead capture page.
Is Leadkit really free?
Yes. Free lets you add up to 3 calculators to your website and receive 10 leads per month — no credit card. Every lead beyond the cap is still captured and held for you; upgrading to Pro ($29/mo) opens them all retroactively and removes the cap.
Do I need to know how to code?
No. You get an embed code (one line of HTML). Paste it into your website builder — Wix, Squarespace, WordPress, or any custom site. That's it.
How accurate are the price estimates?
You configure the calculator formulas to match your actual pricing. Leadkit provides the framework; you set the numbers. Estimates can be as detailed or as rough as you like.
What happens with lead data?
All lead data is stored securely in your workspace. You own it. We never sell or share your leads with anyone.
Can I use Leadkit as an agency for multiple clients?
Yes — our Agency plan lets you create and manage separate workspaces for each of your clients, all from one dashboard.
What's the difference between the plans?
Free: up to 3 calculators, 10 leads/month (over-cap leads held + locked until upgrade). Pro: unlimited leads, unlimited calculators, white-label, branded email sending, analytics, email templates. Agency: everything in Pro plus multi-workspace management.
Get Started Free
Start capturingmortgage leads today
Set up your branded LMI calculator in 60 seconds. No credit card, no code, no lock-in.
The section below is for homeowners researching lmi costs. We break down how prices are calculated, show current Australian averages, and answer the questions we hear most. Every number reflects real 2026 rates from Australian tradies — not marketing fluff.
Based on AU market ratesGST includedUpdated for 2026
For home buyers
Find out if you need lenders mortgage insurance
Enter your property price and deposit to get an instant LMI estimate. See how much extra deposit you need to avoid LMI entirely.
Instant LMI estimate based on your deposit
See your loan-to-value ratio at a glance
Check if the First Home Guarantee could waive LMI
Understand stamp duty on LMI by state
For mortgage brokers
Capture buyer leads who already know their numbers
Buyers searching for LMI calculators have a property price and deposit in mind. Capture those qualified leads on your own branded tool.
Your rates, your branding, your details on every PDF
Lead score helps prioritise callbacks
Free for up to 5 calculators — Capture/mo for unlimited
Works on WordPress, Webflow, Squarespace, Wix and Shopify
How it works
How this LMI calculator is calculated
This calculator produces an estimate of lenders mortgage insurance based on indicative Australian premium rates, not a binding quote. Actual premiums vary by lender and insurer.
GST handling: LMI is classified as insurance and is GST-free for borrowers. No GST is added to the estimates shown.
1
Calculate loan and LVR
Loan amount equals property price minus deposit. LVR (loan-to-value ratio) equals loan divided by property price, expressed as a percentage.
LVR = (price − deposit) ÷ price × 100
2
Determine LMI band
If LVR is 80% or below, no LMI applies. Above 80%, the calculator looks up an indicative premium rate by LVR band: 80–85%, 85–90%, or 90–95%.
3
Calculate LMI premium
The premium rate is applied to the loan amount. An investor loading of 20% is added for investment properties. The result is rounded to the nearest dollar.
4
Add stamp duty on LMI
Most states charge insurance stamp duty on LMI premiums, ranging from 0% (ACT) to 11% (SA). This is added to the base premium to give the total LMI cost.
