How much is LMI in Rockingham?

On the Rockingham median ($490,000) with a 5% deposit, LMI is approximately $17,689. At 10% deposit it falls to roughly $9,702.

Can I avoid LMI buying in Rockingham?

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

LMI costs in Rockingham on the $490,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free Rockingham LMI calculator for 20