Lithic · Schema

Payoff Details

Details on number and size of payments to pay off balance

FinTechBaaSCard IssuingPaymentsEmbedded Finance

Properties

Name	Type	Description
minimum_payment_months	string	The number of months it would take to pay off the balance in full by only paying the minimum payment. "NA" will signal negative or zero amortization
minimum_payment_total	string	The sum of all interest and principal paid, in cents, when only paying minimum monthly payment. "NA" will signal negative or zero amortization
payoff_period_length_months	integernull	Number of months to full pay off
payoff_period_monthly_payment_amount	integernull	The amount needed to be paid, in cents, each month in order to pay off current balance in the payoff period
payoff_period_payment_total	integernull	The sum of all interest and principal paid, in cents, when paying off in the payoff period

View JSON Schema on GitHub

JSON Schema

{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "#/components/schemas/payoff_details",
  "title": "Payoff Details",
  "description": "Details on number and size of payments to pay off balance",
  "type": "object",
  "properties": {
    "minimum_payment_months": {
      "description": "The number of months it would take to pay off the balance in full by only paying the minimum payment. \"NA\" will signal negative or zero amortization",
      "type": "string"
    },
    "minimum_payment_total": {
      "description": "The sum of all interest and principal paid, in cents, when only paying minimum monthly payment. \"NA\" will signal negative or zero amortization",
      "type": "string"
    },
    "payoff_period_length_months": {
      "description": "Number of months to full pay off",
      "type": [
        "integer",
        "null"
      ]
    },
    "payoff_period_monthly_payment_amount": {
      "description": "The amount needed to be paid, in cents, each month in order to pay off current balance in the payoff period",
      "type": [
        "integer",
        "null"
      ]
    },
    "payoff_period_payment_total": {
      "description": "The sum of all interest and principal paid, in cents, when paying off in the payoff period",
      "type": [
        "integer",
        "null"
      ]
    }
  },
  "required": [
    "minimum_payment_months",
    "minimum_payment_total",
    "payoff_period_length_months",
    "payoff_period_monthly_payment_amount",
    "payoff_period_payment_total"
  ]
}