LMI Calculator — Western Australia (WA)
Calculate your Lenders Mortgage Insurance (LMI) cost for properties in WA. LMI applies when you borrow more than 80% of the property value.
🏠 WA first home buyers: Get $10,000 grant + $0 stamp duty (up to $430k). Use our Stamp Duty Calculator for WA rates.
$
$
How LMI works in WA
LMI in Western Australia works like other states. You pay it when borrowing more than 80% LVR.
WA-specific considerations
- First Home Owner Grant: $10,000 for new homes
- Perth median price: ~$650,000 (March 2026)
- Strong mining economy: Perth property prices more affordable than east coast
- Regional WA: Very affordable ($350k-$500k)
How much is LMI in WA?
- 5% deposit ($550k property): ~$18,000 LMI
- 10% deposit ($550k property): ~$10,000 LMI
- 15% deposit ($550k property): ~$4,000 LMI
- 20% deposit: $0 LMI
How to avoid LMI in WA
- Save a 20% deposit
- First Home Loan Deposit Scheme (5% deposit, no LMI)
- Family guarantee
- Professional LMI waivers