Guarantor Loan Calculator
See how a family guarantor's equity reduces your effective LVR and eliminates LMI, plus a clear read on their risk.
Your numbers
$
$
$
LMI with guarantor
$0
LMI without guarantor
$0
Effective LVR with guarantor
—
Guarantor's amount at risk
$0
The guarantor is legally on the hook for the guaranteed amount if you default. This has real risk to their home and credit. Please seek independent legal advice.
How this is calculated▾
The guarantor pledges equity as additional security. Your effective LVR is loan ÷ (property + guarantee). When it drops to 80% or below, LMI is generally waived.
General information only. This tool provides general information and does not consider your personal circumstances. It is not financial, tax, legal or credit advice. Rates, thresholds and rules change. Verify current figures with the ATO, your state revenue office or a licensed adviser before acting.
Guarantor arrangements put a third party's home and credit at risk. Get independent legal advice for the guarantor.