Your loan to value ratio (LVR) is your loan amount divided by the property’s value, multiplied by 100. Enter the amount you plan to borrow and the property value below to work out yours: a $600,000 loan on a $750,000 home is an 80% LVR. For how lenders use the result, read our guide to what LVR means and how it’s calculated.
Loan to Valuation Ratio Calculator
What your LVR means for your loan
- 80% or less: no lenders mortgage insurance (LMI) at most lenders, the widest choice of loans, and sharper pricing again at or under 70% with several lenders.
- Above 80% to 90%: LMI applies unless you qualify for a waiver, a family guarantee or a government scheme, and the rate usually steps up a band.
- Above 90% to 95%: most lenders add a genuine savings test, fewer lenders will do the loan, and some count the LMI premium inside their 95% limit.
A lender works out your LVR from the lower of the purchase price and its own valuation, so the figure above can move once a valuer has been through the property. If your result is close to 80% or 90%, a small change in the loan amount can move you into a cheaper pricing band or out of LMI altogether. See our LMI waiver guide if you are above 80%.
We compare 52+ lenders and check where your loan sits against the lenders’ LVR bands before you apply. Speak to us about your LVR.
Important information
Calculator disclaimer. The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you get in touch with us before taking out a loan so that we can provide you with advice that is tailored to your situation.
Assumptions. This calculator divides the loan amount you enter by the property value you enter and shows the result as a percentage. It does not add capitalised lenders mortgage insurance to the loan, and it uses the value you enter rather than a lender’s valuation; on a purchase, a lender uses the lower of the price and its own valuation, and on a refinance it uses its own valuation. Figures are estimates only, are not an offer of credit, and do not take into account your objectives, financial situation or needs.