How much is LMI in Modbury?

On the Modbury median ($580,000) with a 5% deposit, LMI is approximately $20,938. At 10% deposit it falls to roughly $11,484.

Can I avoid LMI buying in Modbury?

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

Is LMI refundable in SA?

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 Modbury 2026

LMI costs in Modbury on the $580,000 median. 5%, 10%, 15% deposit scenarios calculated. SA Home Guarantee Scheme rules. Free Modbury LMI calculator for 2026.