Compare two loan offers - payment, total interest, upfront fees, cheaper loan ov...

{ "method": "GET", "queryParams": { "a_apr": "6.5", "a_principal": "300000", "a_term_months": "360", "a_upfront_fees": "0", "b_apr": "6.0", "b_principal": "300000", "b_term_months": "360", "b_upfront_fees": "6000", "hold_months": "60" }, "type": "http" }

{ "example": { "break_even_month": 48, "cheaper_over_full_term": "B", "full_term_cost_difference": 29118.9, "holding_period": { "cheaper": "B", "cost_a": 94605.18, "cost_b": 93082.16, "months": 60 }, "loan_a": { "apr_percent": 6.5, "monthly_payment": 1896.2, "principal": 300000, "term_months": 360, "total_cost_of_borrowing": 382633.47, "total_interest": 382633.47, "total_paid": 682633.47, "upfront_fees": 0 }, "loan_b": { "apr_percent": 6, "monthly_payment": 1798.65, "principal": 300000, "term_months": 360, "total_cost_of_borrowing": 353514.57, "total_interest": 347514.57, "total_paid": 653514.57, "upfront_fees": 6000 }, "lower_monthly_payment": "B", "monthly_payment_difference": 97.55, "note": "Cost of borrowing is interest paid plus upfront fees, counted up to the month you sell or refinance; the break-even month is where the cheaper loan changes.", "source": "Standard fixed-rate amortization compared month by month" }, "type": "json" }