Mortgage Payment Planner API

Mortgage Payment Planner API

The Mortgage Payment Planner API delivers comprehensive mortgage and home financing payment details. Employing standard mortgage calculation formulas, it precisely computes interest rates, monthly, and annual payments, enabling users to plan their finances effectively and make informed decisions regarding home loans and mortgages

About the API:  

 

The Mortgage Payment Planner API offers in-depth insights into mortgage and home financing payments. Utilizing standard mortgage calculation formulas, it meticulously calculates interest rates, monthly installments, and annual payments. This enables users to plan their finances meticulously, providing a clear understanding of their mortgage obligations and assisting in budgeting for future payments. Whether individuals are exploring mortgage options, refinancing existing loans, or seeking to understand the long-term financial implications of home ownership, this API equips them with accurate and detailed payment information. By integrating seamlessly into financial applications and websites, it empowers users to make informed decisions about their housing finances, facilitating smoother transactions and ensuring financial stability in the realm of real estate investments. With its precise calculations and user-friendly interface, the Mortgage Payment Planner API is a valuable tool for both consumers and financial institutions in navigating the complexities of home financing.

 

What this API receives and what your API provides (input/output)?

Returns monthly payment, annual payment and interest rate informations based on give mortgage parameters.

 

What are the most common uses cases of this API?

  • Homebuying Decision Support: Prospective homebuyers can utilize the API to calculate and compare mortgage payments for various loan terms, interest rates, and down payment options. This assists them in making informed decisions about purchasing a home within their financial means.

  • Refinancing Analysis: Homeowners considering refinancing their mortgage can use the API to evaluate the potential savings and changes in monthly payments based on different refinance terms and interest rates, aiding in determining the feasibility and benefits of refinancing.

  • Budgeting Tools Integration: Financial management applications and platforms can integrate the API to provide users with accurate mortgage payment projections as part of their overall budgeting and financial planning tools, enhancing users' ability to manage their finances effectively.

  • Real Estate Investment Analysis: Real estate investors can leverage the API to assess the financial viability of potential investment properties by estimating mortgage payments, factoring them into overall investment calculations, and evaluating potential returns on investment.

  • Mortgage Comparison Websites: Websites dedicated to comparing mortgage options can integrate the API to provide users with comprehensive comparisons of mortgage products from various lenders, including detailed payment breakdowns, helping users find the most suitable mortgage for their needs and financial circumstances.

 

Are there any limitations to your plans?

Besides the number of API calls, there is no other limitation.

API Documentation

Endpoints


Returns monthly payment, annual payment and interest rate informations based on give mortgage parameters.



                                                                            
GET https://zylalabs.com/api/4395/mortgage+payment+planner+api/5401/calculator
                                                                            
                                                                        

Calculator - Endpoint Features
Object Description
loan_amount [Required] principle loan amount.
interest_rate [Required] annual interest rate (in %). For example, a 3.5% interest rate would be 3.5. Cannot exceed 10000.
duration_years [Required] duration of the loan in years. Must be between 1 and 10000. If not set, default value is 30 years.
Test Endpoint

API EXAMPLE RESPONSE

       
                                                                                                        
                                                                                                                                                                                                                            {"monthly_payment": {"total": 898, "mortgage": 898, "property_tax": 0, "hoa": 0.0, "annual_home_ins": 0}, "annual_payment": {"total": 10777, "mortgage": 10777, "property_tax": 0.0, "hoa": 0.0, "home_insurance": 0.0}, "total_interest_paid": 123312}
                                                                                                                                                                                                                    
                                                                                                    

Calculator - CODE SNIPPETS


curl --location --request GET 'https://zylalabs.com/api/4395/mortgage+payment+planner+api/5401/calculator?loan_amount=200000&interest_rate=3.5&duration_years=30' --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 Payment 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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The API can perform various mortgage calculations, including monthly mortgage payments, total interest paid over the loan term, amortization schedules, and loan-to-value ratio calculations.

Monthly mortgage payments are computed using standard mortgage formulas, taking into account factors such as loan amount, interest rate, loan term, and any applicable taxes or insurance.

Users need to provide essential parameters such as the loan amount, interest rate, loan term (in years or months), and optionally, property taxes and insurance costs.

The API uses standard mortgage calculation formulas to ensure accuracy in payment estimations. However, actual payment amounts may vary slightly due to factors such as rounding and any changes in interest rates or fees.

The API employs industry-standard encryption protocols (such as HTTPS) to secure data transmission and follows stringent data privacy measures to protect sensitive financial information.

Zyla API Hub is, in other words, an API MarketPlace. An all-in-one solution for your developing needs. You will be accessing our extended list of APIs with only your user. Also, you won't need to worry about storing API keys, only one API key for all our products is needed.

Prices are listed in USD. We accept all major debit and credit cards. Our payment system uses the latest security technology and is powered by Stripe, one of the world’s most reliable payment companies. If you have any trouble with paying by card, just contact us at [email protected]

Sometimes depending on the bank's fraud protection settings, a bank will decline the validation charge we make when we attempt to be sure a card is valid. We recommend first contacting your bank to see if they are blocking our charges. If more help is needed, please contact [email protected] and our team will investigate further

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 Service Level
100%
 Response Time
179ms

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