Run your own numbers before you talk to us — estimate monthly repayments, and see your deposit and LMI position as a medical professional. These are general estimates based on figures you enter, not a quote or credit advice.
Based on a 30-year term at the 5.99% p.a. rate you set above.
Project savings from specialist mortgage Lenders Mortgage Insurance waivers.
Review structures with your accountant for tax-effective investment lending.
Align mortgage repayments to fortnightly hospital payroll cycles.
Standard borrowers usually need a 20% deposit to avoid Lenders Mortgage Insurance (LMI). Many eligible medical professionals can borrow at a higher LVR without LMI through a lender waiver — so you may need a smaller deposit. Enter your numbers to see roughly where you'd sit. General estimate only.
Above 80% — LMI normally applies. As an eligible medical professional, certain lenders may waive it up to around 90%, so this deposit may be enough.
Indicative general estimate only, based on the figures you enter. It is not a quote, an offer of finance, or credit assistance. LMI, maximum LVRs and waiver eligibility vary by lender, profession and your circumstances. A waiver up to 90% is shown as a common example only; some lenders go higher in particular cases.
No. These calculators produce general estimates based on the figures you enter — they are not a quote, an offer of finance, credit assistance or pre-approval. Your actual repayment, LVR and LMI position depend on the lender, product and your individual circumstances.
Interest rates vary by lender, loan product, LVR and borrower profile and change over time, so the calculator does not assume a single rate for you. Enter a rate you want to test to see how it affects the estimated repayment, total interest and total amount repayable.
Standard borrowers usually need a 20% deposit (80% LVR) to avoid Lenders Mortgage Insurance. Some lenders waive LMI for eligible medical professionals at higher LVRs, which can lower the deposit needed. Eligibility, the maximum LVR and waiver availability depend on lender policy, profession and individual circumstances.
The calculators are a starting point for your own numbers. For an assessment based on your actual circumstances, use the Finance Check or Medical Borrowing Readiness Tool, or contact the team directly.