How much is LMI in Hornsby?

On the Hornsby median ($1,350,000) with a 5% deposit, LMI is approximately $48,735. At 10% deposit it falls to roughly $26,730.

Can I avoid LMI buying in Hornsby?

Yes — the federal Home Guarantee Scheme lets eligible NSW first home buyers purchase in Hornsby 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 Hornsby 2026

LMI costs in Hornsby on the $1,350,000 median. 5%, 10%, 15% deposit scenarios calculated. NSW Home Guarantee Scheme rules. Free Hornsby LMI calculator for 2026.