CBA have their own LVR calculator which you should use instead of the LVR listed in the Loan Summary tab. It calculates the LVR based on their own system calculations and includes their LMI Premium Calculator as well.
Viewing the CBA LVR Calculation
Note: The LVR calculations are set by the Lenders, NOT Apply Online.
- Click the Loan Details tab and go to the Loan Products section.
- Click on the square to the right of LMI Premium to bring up the LMI Premium Calculator.
- Depending on the product you select, the Loan fields will be locked, or available to edit.
- In this example, the Lender automatically calculates the Mortgage Insurance and applies it to calculate the Total LVR. The Total LVR is greater than CBA's max LVR by 0.26%, so this application will come back with an error when submitted to the Lender.