How much is LMI in Penrith?

On the Penrith 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 Penrith?

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

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