LMI Calculator guide
The LMI calculator helps Australian borrowers estimate mortgage payments when borrowing more than 80% of the property value. LMI (lender’s mortgage insurance) protects the lender when your deposit is below 20%. We prefill AUD $600,000, 5% down, 6.2% rate, and 0.6% for LMI to show how it affects your payment.
LMI is typically a one-time premium at settlement, but we model it as an annual percentage of the balance (similar to PMI) to show its impact on monthly costs. In practice, you may pay LMI upfront—check your lender’s quote. The calculator includes council rates and insurance. Add strata fees in the HOA field. Extra payments help you reach 80% LVR faster and eliminate LMI on refinance. All math runs client-side. Install the PWA for offline use.
Amortization schedule
Yearly view
| Period | Date | Principal | Interest | Escrow | PMI | Total interest | Ending balance |
|---|
| 2026 | Jan 2026 | $5,589 | $29,321 | $3,500 | $2,838 | $29,321 | $564,411 |
| 2027 | Jan 2027 | $7,099 | $34,794 | $4,200 | $3,367 | $64,115 | $557,312 |
| 2028 | Jan 2028 | $7,552 | $34,341 | $4,200 | $3,323 | $98,456 | $549,760 |
| 2029 | Jan 2029 | $8,034 | $33,859 | $4,200 | $3,277 | $132,316 | $541,726 |
| 2030 | Jan 2030 | $8,546 | $33,347 | $4,200 | $3,227 | $165,663 | $533,180 |
| 2031 | Jan 2031 | $9,091 | $32,802 | $4,200 | $3,174 | $198,464 | $524,089 |
| 2032 | Jan 2032 | $9,671 | $32,222 | $4,200 | $3,118 | $230,686 | $514,418 |
| 2033 | Jan 2033 | $10,288 | $31,605 | $4,200 | $3,059 | $262,291 | $504,130 |
| 2034 | Jan 2034 | $10,944 | $30,949 | $4,200 | $2,995 | $293,240 | $493,186 |
| 2035 | Jan 2035 | $11,643 | $30,250 | $4,200 | $2,927 | $323,490 | $481,543 |
| 2036 | Jan 2036 | $12,385 | $29,508 | $4,200 | $481 | $352,998 | $469,158 |
| 2037 | Jan 2037 | $13,175 | $28,718 | $4,200 | $0 | $381,715 | $455,983 |
| 2038 | Jan 2038 | $14,016 | $27,877 | $4,200 | $0 | $409,592 | $441,967 |
| 2039 | Jan 2039 | $14,910 | $26,983 | $4,200 | $0 | $436,575 | $427,057 |
| 2040 | Jan 2040 | $15,861 | $26,032 | $4,200 | $0 | $462,607 | $411,196 |
| 2041 | Jan 2041 | $16,873 | $25,020 | $4,200 | $0 | $487,627 | $394,323 |
| 2042 | Jan 2042 | $17,949 | $23,944 | $4,200 | $0 | $511,571 | $376,374 |
| 2043 | Jan 2043 | $19,094 | $22,799 | $4,200 | $0 | $534,369 | $357,280 |
| 2044 | Jan 2044 | $20,312 | $21,581 | $4,200 | $0 | $555,950 | $336,968 |
| 2045 | Jan 2045 | $21,608 | $20,285 | $4,200 | $0 | $576,235 | $315,359 |
| 2046 | Jan 2046 | $22,986 | $18,906 | $4,200 | $0 | $595,141 | $292,373 |
| 2047 | Jan 2047 | $24,453 | $17,440 | $4,200 | $0 | $612,581 | $267,920 |
| 2048 | Jan 2048 | $26,013 | $15,880 | $4,200 | $0 | $628,461 | $241,907 |
| 2049 | Jan 2049 | $27,672 | $14,221 | $4,200 | $0 | $642,682 | $214,235 |
| 2050 | Jan 2050 | $29,437 | $12,455 | $4,200 | $0 | $655,137 | $184,798 |
| 2051 | Jan 2051 | $31,315 | $10,578 | $4,200 | $0 | $665,715 | $153,482 |
| 2052 | Jan 2052 | $33,313 | $8,580 | $4,200 | $0 | $674,295 | $120,169 |
| 2053 | Jan 2053 | $35,438 | $6,455 | $4,200 | $0 | $680,749 | $84,731 |
| 2054 | Jan 2054 | $37,699 | $4,194 | $4,200 | $0 | $684,944 | $47,032 |
| 2055 | Jan 2055 | $40,104 | $1,789 | $4,200 | $0 | $686,733 | $6,928 |
| 2056 | Jan 2056 | $6,928 | $54 | $700 | $0 | $686,786 | $0 |
Figures include principal, interest, escrow amounts, and PMI where applicable. Minor rounding may occur.