Preview Roll Payment

This request allows you to preview the effects of a Roll Payment configuration for a loan.

   Click here to learn more about this request

LoanPro's loan calculator offers a Roll Payment feature to test some basic loan terms:

• The roll payment feature will help solve payment equations by choosing a variable to solve for.
• Determine the solve parameters in the endpoint of this request.
• A loan will need to have its setup terms completed before the roll schedule feature will work.
• This request does not save a roll payment configuration on the loan but instead simply provides a preview.

For an example of how this feature works in the UI, take a look at our Roll Payment article.

Database

For information on loan database tables, see the following articles:

• Database – Loan Settings Entity (loan_settings_entity)
• Database – Loan Table (loan_entity)

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How to Interpret Your Response

The response for this request may look a bit confusing if it's not clear what is presented. Here's an example of what the response will look like:

{  
  "d": {  
    "method": "loan.rollPayment.term",  
    "payment": 190,  
    "solution": 58  
  }  
}

The method field determines what value the method is solving for. In this instance, the calculator is solving for loan term, or the amount of payments it will take for the loan to be paid off. The ideal payment amount in this example is set at 190. Using the other terms of the loan, the calculator determines that it will take 58 months with payments of $190 to pay off the loan.