How much is LMI in Claremont?

On the Claremont median ($1,850,000) with a 5% deposit, LMI is approximately $66,785. At 10% deposit it falls to roughly $36,630.

Can I avoid LMI buying in Claremont?

Yes — the federal Home Guarantee Scheme lets eligible WA first home buyers purchase in Claremont 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 Claremont 2026

LMI costs in Claremont on the $1,850,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free Claremont LMI calculator for 20