Mortgage Pay Planner API

This API calculates mortgage payments on both a monthly and yearly basis, incorporating property taxes, HOA fees, and insurance. It also determines the total interest paid over the duration of the loan.

About the API:  

This API is built to support users in calculating key financial metrics related to mortgages, providing comprehensive details on both monthly and annual payment amounts. It is an essential tool for homebuyers, real estate professionals, and financial analysts who need to assess mortgage costs and forecast future payment scenarios. With its robust calculation capabilities, the API helps users evaluate the full financial impact of homeownership, taking into account mortgage payments, property taxes, HOA fees, and insurance. In this case, property taxes, HOA fees, and insurance are set as zero for simplicity.

The API provides a detailed breakdown of monthly payments, specifying both the total payment amount and how much of it goes toward principal and interest. This breakdown allows users to understand their monthly financial obligations more clearly and plan their budgets effectively. Additionally, the API output highlights that there are no added expenses like property taxes, HOA fees, or insurance in the monthly payment, making it easier for users to focus on mortgage-related costs alone.

Overall, this API is an invaluable tool for assessing mortgage affordability, planning financial strategies, and making informed decisions about homeownership.

API Documentation

Endpoints


To use this endpoint you must indicate

For example

loan_amount = 200000

interest_rate = 3.5

duration_years = 30



                                                                            
GET https://zylalabs.com/api/5694/mortgage+pay+planner+api/7416/mortgage+planification
                                                                            
                                                                        

Mortgage Planification - Endpoint Features

Object Description
loan_amount [Required] Indicates an loan amount
interest_rate [Required] Indicates an interest rate
duration_years [Required] Indicates the duration of years
Test Endpoint

API EXAMPLE RESPONSE

       
                                                                                                        
                                                                                                                                                                                                                            {"monthly_payment": {"total": 5860, "mortgage": 5860, "property_tax": 0, "hoa": 0.0, "annual_home_ins": 0}, "annual_payment": {"total": 70325, "mortgage": 70325, "property_tax": 0.0, "hoa": 0.0, "home_insurance": 0.0}, "total_interest_paid": 10975}
                                                                                                                                                                                                                    
                                                                                                    

Mortgage Planification - CODE SNIPPETS


curl --location --request GET 'https://zylalabs.com/api/5694/mortgage+pay+planner+api/7416/mortgage+planification?loan_amount=200000&interest_rate=3.5&duration_years=3' --header 'Authorization: Bearer YOUR_API_KEY' 


    

API Access Key & Authentication

After signing up, every developer is assigned a personal API access key, a unique combination of letters and digits provided to access to our API endpoint. To authenticate with the Mortgage Pay Planner API REST API, simply include your bearer token in the Authorization header.
Headers
Header Description
Authorization [Required] Should be Bearer access_key. See "Your API Access Key" above when you are subscribed.

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To use this endpoint users must indicate a loan amount, interest rates and duration years.

The Mortgage Pay Planner API calculates monthly and annual mortgage payments, including interest, and provides insights into total interest paid over time.

The API uses API keys for authentication. To access the API, include your API key in the request header. The API key is provided upon registration and should be kept secure.

There are different plans suits everyone including a free trial for small amount of requests, but it’s rate is limit to prevent abuse of the service.

The total interest paid is calculated by subtracting the principal loan amount from the total payments made over the loan's duration.

Zyla API Hub is like a big store for APIs, where you can find thousands of them all in one place. We also offer dedicated support and real-time monitoring of all APIs. Once you sign up, you can pick and choose which APIs you want to use. Just remember, each API needs its own subscription. But if you subscribe to multiple ones, you'll use the same key for all of them, making things easier for you.

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