Make a lump sum payment and see your new lower monthly payment — same rate, same term, no refinancing required. New to recasting? Read what a mortgage recast actually is first.
✓ No Refinancing Needed✓ Keep Your Current Rate✓ 100% Free & Private
💡 What Is a Mortgage Recast?
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Pay a lump sum toward principal
You make a one-time large payment that reduces your remaining balance immediately.
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Lender recalculates your payment
Your lender re-amortizes the loan — same rate, same end date, but a lower monthly payment.
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Keep your current interest rate
Unlike refinancing, a recast doesn't change your rate. Perfect if you locked in a low rate.
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No credit check or closing costs
Most lenders charge a small recast fee ($150–$500) — far less than refinancing costs.
🏠 Recast Mortgage Calculator
Enter your current mortgage details and your planned lump sum payment