How much is LMI in Gosford?

On the Gosford median ($780,000) with a 5% deposit, LMI is approximately $28,158. At 10% deposit it falls to roughly $15,444.

Can I avoid LMI buying in Gosford?

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

Is LMI refundable in NSW?

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 Gosford 2026

LMI costs in Gosford on the $780,000 median. 5%, 10%, 15% deposit scenarios calculated. NSW Home Guarantee Scheme rules. Free Gosford LMI calculator for 2026.