Mortgage Recast Calculator

Calculate how a mortgage recast lowers your monthly payment. See the impact of making a lump sum payment toward your principal and recasting your loan.

Current Mortgage Balance ($):

Interest Rate (%):

Remaining Loan Term (years):

Lump Sum Payment for Recast ($):

Recast Fee ($):

Current Monthly Payment ($):

Years Plan to Keep Home:

Note: This calculator provides estimates for mortgage recasting. Not all loans qualify for recasting. FHA and VA loans typically cannot be recast. Check with your lender for specific requirements and fees. Mortgage recast is different from refinancing - it lowers payment but not interest rate.

Mortgage Recast Calculator

Your Mortgage Recast Analysis