How much is LMI in Armadale?

On the Armadale median ($450,000) with a 5% deposit, LMI is approximately $16,245. At 10% deposit it falls to roughly $8,910.

Can I avoid LMI buying in Armadale?

Yes — the federal Home Guarantee Scheme lets eligible WA first home buyers purchase in Armadale with a 5% deposit and no LMI. Professional waivers and guarantor loans are also common.

Is LMI refundable in WA?

LMI is generally non-refundable, but some lenders offer a partial refund if the loan is refinanced or paid out within the first 1–2 years. Check the specific policy with the lender at application.

LMI Calculator Armadale 2026

LMI costs in Armadale on the $450,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free Armadale LMI calculator for 2026.