Is Lenders Mortgage insurance a one-off payment?

LMI is a one-off insurance premium which is payable by the borrower and protects the lender against the loss it may incur if the borrower is unable to repay their home loan. So, how much is lenders insurance mortgage? This depends on where you borrow, your lender and the size of your deposit. Your broker can show how to calculate Mortgage Insurance for your circumstances.