Loan Calculator API

Loan Payment Calculator is a simple tool for calculating loan payments. It returns the monthly payment, total interest, and more.

This is a Javascript Wrapper for the Loan Calculator API

Installation

npm install @apiverve/loanpaymentcalculator --save

Configuration

Before using the loanpaymentcalculator API client, you have to setup your account and obtain your API Key.
You can get it by signing up at https://apiverve.com

Usage

The Loan Calculator API documentation is found here: https://docs.apiverve.com/api/loanpaymentcalculator.
You can find parameters, example responses, and status codes documented here.

Setup

var loanpaymentcalculatorAPI = require('@apiverve/loanpaymentcalculator');
var api = new loanpaymentcalculatorAPI({
    api_key: [YOUR_API_KEY],
    secure: true //(Optional, defaults to true)
});

Perform Request

Using the API client, you can perform requests to the API.

Define Query

var query = {
  "loanAmount": 32000,
  "interestRate": 8.5,
  "loanTerm": 6
};

Simple Request (using Callback)

api.execute(query, function (error, data) {
    if (error) {
        return console.error(error);
    } else {
        console.log(data);
    }
});

Example Response

{
  "status": "ok",
  "error": null,
  "data": {
    "loanAmount": 32000,
    "downpayment": 0,
    "interestRate": 8.5,
    "loanTerm": 6,
    "monthly_payment": 568.91,
    "total_interest_paid": 8961.4,
    "amortization_schedule": [
      {
        "month": 1,
        "interest_payment": 226.67,
        "principal_payment": 342.24,
        "remaining_balance": 31657.76
      },
      {
        "month": 2,
        "interest_payment": 224.24,
        "principal_payment": 344.67,
        "remaining_balance": 31313.09
      },
      {
        "month": 3,
        "interest_payment": 221.8,
        "principal_payment": 347.11,
        "remaining_balance": 30965.99
      },
      {
        "month": 4,
        "interest_payment": 219.34,
        "principal_payment": 349.57,
        "remaining_balance": 30616.42
      },
      {
        "month": 5,
        "interest_payment": 216.87,
        "principal_payment": 352.04,
        "remaining_balance": 30264.38
      },
      {
        "month": 6,
        "interest_payment": 214.37,
        "principal_payment": 354.54,
        "remaining_balance": 29909.84
      },
      {
        "month": 7,
        "interest_payment": 211.86,
        "principal_payment": 357.05,
        "remaining_balance": 29552.79
      },
      {
        "month": 8,
        "interest_payment": 209.33,
        "principal_payment": 359.58,
        "remaining_balance": 29193.22
      },
      {
        "month": 9,
        "interest_payment": 206.79,
        "principal_payment": 362.12,
        "remaining_balance": 28831.1
      },
      {
        "month": 10,
        "interest_payment": 204.22,
        "principal_payment": 364.69,
        "remaining_balance": 28466.41
      },
      {
        "month": 11,
        "interest_payment": 201.64,
        "principal_payment": 367.27,
        "remaining_balance": 28099.14
      },
      {
        "month": 12,
        "interest_payment": 199.04,
        "principal_payment": 369.87,
        "remaining_balance": 27729.26
      },
      {
        "month": 13,
        "interest_payment": 196.42,
        "principal_payment": 372.49,
        "remaining_balance": 27356.77
      },
      {
        "month": 14,
        "interest_payment": 193.78,
        "principal_payment": 375.13,
        "remaining_balance": 26981.64
      },
      {
        "month": 15,
        "interest_payment": 191.12,
        "principal_payment": 377.79,
        "remaining_balance": 26603.85
      },
      {
        "month": 16,
        "interest_payment": 188.44,
        "principal_payment": 380.46,
        "remaining_balance": 26223.39
      },
      {
        "month": 17,
        "interest_payment": 185.75,
        "principal_payment": 383.16,
        "remaining_balance": 25840.23
      },
      {
        "month": 18,
        "interest_payment": 183.03,
        "principal_payment": 385.87,
        "remaining_balance": 25454.35
      },
      {
        "month": 19,
        "interest_payment": 180.3,
        "principal_payment": 388.61,
        "remaining_balance": 25065.75
      },
      {
        "month": 20,
        "interest_payment": 177.55,
        "principal_payment": 391.36,
        "remaining_balance": 24674.39
      },
      {
        "month": 21,
        "interest_payment": 174.78,
        "principal_payment": 394.13,
        "remaining_balance": 24280.26
      },
      {
        "month": 22,
        "interest_payment": 171.99,
        "principal_payment": 396.92,
        "remaining_balance": 23883.33
      },
      {
        "month": 23,
        "interest_payment": 169.17,
        "principal_payment": 399.73,
        "remaining_balance": 23483.6
      },
      {
        "month": 24,
        "interest_payment": 166.34,
        "principal_payment": 402.57,
        "remaining_balance": 23081.03
      },
      {
        "month": 25,
        "interest_payment": 163.49,
        "principal_payment": 405.42,
        "remaining_balance": 22675.62
      },
      {
        "month": 26,
        "interest_payment": 160.62,
        "principal_payment": 408.29,
        "remaining_balance": 22267.33
      },
      {
        "month": 27,
        "interest_payment": 157.73,
        "principal_payment": 411.18,
        "remaining_balance": 21856.14
      },
      {
        "month": 28,
        "interest_payment": 154.81,
        "principal_payment": 414.09,
        "remaining_balance": 21442.05
      },
      {
        "month": 29,
        "interest_payment": 151.88,
        "principal_payment": 417.03,
        "remaining_balance": 21025.02
      },
      {
        "month": 30,
        "interest_payment": 148.93,
        "principal_payment": 419.98,
        "remaining_balance": 20605.04
      },
      {
        "month": 31,
        "interest_payment": 145.95,
        "principal_payment": 422.96,
        "remaining_balance": 20182.09
      },
      {
        "month": 32,
        "interest_payment": 142.96,
        "principal_payment": 425.95,
        "remaining_balance": 19756.13
      },
      {
        "month": 33,
        "interest_payment": 139.94,
        "principal_payment": 428.97,
        "remaining_balance": 19327.17
      },
      {
        "month": 34,
        "interest_payment": 136.9,
        "principal_payment": 432.01,
        "remaining_balance": 18895.16
      },
      {
        "month": 35,
        "interest_payment": 133.84,
        "principal_payment": 435.07,
        "remaining_balance": 18460.09
      },
      {
        "month": 36,
        "interest_payment": 130.76,
        "principal_payment": 438.15,
        "remaining_balance": 18021.94
      },
      {
        "month": 37,
        "interest_payment": 127.66,
        "principal_payment": 441.25,
        "remaining_balance": 17580.69
      },
      {
        "month": 38,
        "interest_payment": 124.53,
        "principal_payment": 444.38,
        "remaining_balance": 17136.31
      },
      {
        "month": 39,
        "interest_payment": 121.38,
        "principal_payment": 447.53,
        "remaining_balance": 16688.78
      },
      {
        "month": 40,
        "interest_payment": 118.21,
        "principal_payment": 450.7,
        "remaining_balance": 16238.09
      },
      {
        "month": 41,
        "interest_payment": 115.02,
        "principal_payment": 453.89,
        "remaining_balance": 15784.2
      },
      {
        "month": 42,
        "interest_payment": 111.8,
        "principal_payment": 457.1,
        "remaining_balance": 15327.1
      },
      {
        "month": 43,
        "interest_payment": 108.57,
        "principal_payment": 460.34,
        "remaining_balance": 14866.75
      },
      {
        "month": 44,
        "interest_payment": 105.31,
        "principal_payment": 463.6,
        "remaining_balance": 14403.15
      },
      {
        "month": 45,
        "interest_payment": 102.02,
        "principal_payment": 466.89,
        "remaining_balance": 13936.27
      },
      {
        "month": 46,
        "interest_payment": 98.72,
        "principal_payment": 470.19,
        "remaining_balance": 13466.07
      },
      {
        "month": 47,
        "interest_payment": 95.38,
        "principal_payment": 473.52,
        "remaining_balance": 12992.55
      },
      {
        "month": 48,
        "interest_payment": 92.03,
        "principal_payment": 476.88,
        "remaining_balance": 12515.67
      },
      {
        "month": 49,
        "interest_payment": 88.65,
        "principal_payment": 480.26,
        "remaining_balance": 12035.42
      },
      {
        "month": 50,
        "interest_payment": 85.25,
        "principal_payment": 483.66,
        "remaining_balance": 11551.76
      },
      {
        "month": 51,
        "interest_payment": 81.82,
        "principal_payment": 487.08,
        "remaining_balance": 11064.68
      },
      {
        "month": 52,
        "interest_payment": 78.37,
        "principal_payment": 490.53,
        "remaining_balance": 10574.14
      },
      {
        "month": 53,
        "interest_payment": 74.9,
        "principal_payment": 494.01,
        "remaining_balance": 10080.13
      },
      {
        "month": 54,
        "interest_payment": 71.4,
        "principal_payment": 497.51,
        "remaining_balance": 9582.63
      },
      {
        "month": 55,
        "interest_payment": 67.88,
        "principal_payment": 501.03,
        "remaining_balance": 9081.59
      },
      {
        "month": 56,
        "interest_payment": 64.33,
        "principal_payment": 504.58,
        "remaining_balance": 8577.01
      },
      {
        "month": 57,
        "interest_payment": 60.75,
        "principal_payment": 508.15,
        "remaining_balance": 8068.86
      },
      {
        "month": 58,
        "interest_payment": 57.15,
        "principal_payment": 511.75,
        "remaining_balance": 7557.11
      },
      {
        "month": 59,
        "interest_payment": 53.53,
        "principal_payment": 515.38,
        "remaining_balance": 7041.73
      },
      {
        "month": 60,
        "interest_payment": 49.88,
        "principal_payment": 519.03,
        "remaining_balance": 6522.7
      },
      {
        "month": 61,
        "interest_payment": 46.2,
        "principal_payment": 522.71,
        "remaining_balance": 5999.99
      },
      {
        "month": 62,
        "interest_payment": 42.5,
        "principal_payment": 526.41,
        "remaining_balance": 5473.58
      },
      {
        "month": 63,
        "interest_payment": 38.77,
        "principal_payment": 530.14,
        "remaining_balance": 4943.45
      },
      {
        "month": 64,
        "interest_payment": 35.02,
        "principal_payment": 533.89,
        "remaining_balance": 4409.55
      },
      {
        "month": 65,
        "interest_payment": 31.23,
        "principal_payment": 537.67,
        "remaining_balance": 3871.88
      },
      {
        "month": 66,
        "interest_payment": 27.43,
        "principal_payment": 541.48,
        "remaining_balance": 3330.4
      },
      {
        "month": 67,
        "interest_payment": 23.59,
        "principal_payment": 545.32,
        "remaining_balance": 2785.08
      },
      {
        "month": 68,
        "interest_payment": 19.73,
        "principal_payment": 549.18,
        "remaining_balance": 2235.9
      },
      {
        "month": 69,
        "interest_payment": 15.84,
        "principal_payment": 553.07,
        "remaining_balance": 1682.83
      },
      {
        "month": 70,
        "interest_payment": 11.92,
        "principal_payment": 556.99,
        "remaining_balance": 1125.84
      },
      {
        "month": 71,
        "interest_payment": 7.97,
        "principal_payment": 560.93,
        "remaining_balance": 564.91
      },
      {
        "month": 72,
        "interest_payment": 4,
        "principal_payment": 564.91,
        "remaining_balance": 0
      }
    ]
  },
  "code": 200
}

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Legal

All usage of the APIVerve website, API, and services is subject to the APIVerve Terms of Service and all legal documents and agreements.

License

Licensed under the The MIT License (MIT)

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