LLPA / LLPM Calculator

Fannie Mae LLPA Matrix (01.28.2026). Conventional only. Values are in points.

Gross LTV: 0.00%
Total LLPAs: 0.000

Inputs

Condo
Applies Condo LLPA row
Manufactured home
Applies Manufactured home LLPA row (SFC 235)
High-balance loan
Uses High-balance fixed/ARM row (SFC 808)
Subordinate financing
Applies Subordinate financing LLPA row
High LTV Refinance
Applies cap table (Tables 1–3) and disables MMI
Minimum MI coverage option (MMI)
Applies the MMI grid (based on base/net LTV)

LLPA Waivers

If toggled on, waives all LLPAs except MMI (per matrix).

HomeReady®
First-time homebuyer
Income/AMI checks not included (user decides)
Duty to Serve
User confirms eligibility

Results

Final Points (starting + LLPAs)
0.000
Final Price (100 - points)
100.000
Dollar Impact
$0
Matrix Version
01.28.2026

Breakdown

Adjustment Points Why

Notes: Base tables are credit score × gross LTV (terms ≤ 15 years use 0.00 for the base table). MMI is based on base/net LTV.

Footnotes / Exclusions (disclosed, not enforced)

  • Condo LLPA is not applicable to co-ops or detached condo units (SFC 588).
  • Manufactured home LLPA is not applicable to MH Advantage (SFC 859 combined with SFC 235).
  • Subordinate financing LLPA applies only when CLTV > LTV, and is not applicable to Community Seconds (SFC 118).
  • Student loan cash-out refinance (SFC 841) uses limited cash-out refinance pricing.