Mortgage

Recast Mortgage Calculator

Make a lump sum payment and see your new lower monthly payment instantly — same rate, same term, no refinancing required.

✓ No Refinancing Needed ✓ Keep Your Current Rate ✓ 100% Free & Private

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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

💾 Save your numbers so you can come back anytime.

Your Current Mortgage

Current Remaining Balance ($)

Interest Rate (%)

Years Remaining on Loan

Recast Fee ($) — typically $150–$500

Your Lump Sum Payment

Lump Sum Amount ($)

Opportunity Cost Rate (%) — HYSA/investment rate