Loan Calculator API
Loan Payment Calculator is a simple tool for calculating loan payments. It returns the monthly payment, total interest, and more.
avg: 908ms|p50: 848ms|p75: 948ms|p90: 1068ms|p99: 1308ms
avg: 908ms|p50: 848ms|p90: 1068ms|p99: 1308ms
Live Test API
Try out the Loan Calculator with a live request and see the response in real-time.
API Request
POST
https://api.apiverve.com
Parameters
API Response
200 OK
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"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 } ] } }
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Frequently Asked Questions
Get answers to common questions about the Loan Calculator API
Who built the Loan Calculator API?
The Loan Calculator API is built and maintained by APIVerve. All 300+ APIs on our platform are developed in-house by the APIVerve team, ensuring consistent quality, unified authentication, predictable pricing, and enterprise-grade reliability backed by our 99.9% uptime SLA. We handle the infrastructure, maintenance, and updates so you can focus on building your application.
What does the Loan Calculator API do?
Loan Payment Calculator is a simple tool for calculating loan payments. It returns the monthly payment, total interest, and more. The API returns structured data in JSON, XML, or YAML format, making it easy to integrate into any application or workflow.
How fast is the Loan Calculator API?
The Loan Calculator API has an average response time of 908ms, with a median (p50) of 848ms and 99th percentile of 1308ms. Our infrastructure maintains 99.9% uptime with servers distributed globally for low latency.
How much does the Loan Calculator API cost?
Each call to the Loan Calculator API uses 1 credit. The free tier includes 100 credits per month. Paid plans start at $29.99/month with higher limits, and enterprise plans offer custom pricing with priority support.
How do I authenticate Loan Calculator API requests?
Include your API key in the request header as X-API-Key: your_key_here. All requests are made over HTTPS for security. You can get your API key by signing up for a free account.
What HTTP methods does Loan Calculator support?
The Loan Calculator API supports POST requests. Use POST for sending larger payloads or complex data structures. Check our documentation for detailed parameter specifications.
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