How to work out the effect of LLPA on a mortgage rate?

[Filip Filmar]

Hi, folks.  I'm doing some self-education about loans and lending, and am a bit confused about the effect of loan-level price adjustment (LLPA) on a mortgage rate.

I understand what LLPA is, and there are plenty of places on the Internet that describe it in various level of detail.  However, what I'm missing is an explanation of how LLPA affects the quoted mortgage rate that you get back from your lender.

Would someone be as kind as to give an example?

Thanks a lot!

F