Mortgage Calculator
Scenario 1: No LMI
Required 20% Deposit: $200,000
Additional Savings Needed: $0
Monthly Repayment: $5,989.88
Total Loan: $800,000
Scenario 2: With LMI
Current Deposit: 20.0%
Estimated LMI: $0
Monthly Repayment: $5,989.88
Total Loan: $800,000
Savings Projection Calculator
Key Milestones
Notes
- All calculations are estimates and may vary by lender
- Monthly repayments include estimated property tax (1%) and insurance ($1,200/year)
- LMI costs are approximate and may differ significantly based on lender and circumstances
- Additional costs like closing fees, moving expenses, and maintenance are not included
- Savings projections assume consistent monthly deposits and interest rates