MonthlyPayment

A MonthlyPayment object describes both what has been retrieved from Servicer Aggregation, as well as any other pertinent information we can interpret and calculate from collected data to accurately describe each PortfolioLoan object.

Schema Definition

Property	Type	Format	Description
`estimated`	`boolean`		Indicates if the `scheduled_amount` shown is a calculated estimate or confirmed as the exact dollar amount expected by the servicer. NOTE: Every servicer calculates and exposes a borrower's monthly payment in different ways. Payitoff uses a variety of intelligent heuristics to provide the most accurate `scheduled_amount`. When we are able to confirm the monthly payment is correct to the cent, `estimated` will be `false`. Otherwise, `estimated` will be `true`.
`next_payment_due`	`string` or `null`	`date`	A `Date` string indicating the next known date on which a payment is due.
`scheduled_amount`	`string`	`decimal`	The scheduled monthly payment a borrower is expected to pay, as reported by their Servicer. NOTE: Money values are returned as decimal strings with 2-digit precision.

Example

{
  "estimated": true,
  "next_payment_due": "2022-04-01",
  "scheduled_amount": "238.00"
}