Mortgage recast calculator
Our Mortgage Recast Calculator helps you estimate your new monthly payments and loan balance after making a large lump-sum payment toward your mortgage. A recast can lower your monthly payment without refinancing, saving you money while keeping your interest rate and loan terms intact.

Contents
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Our Services
🏠 Mortgage Recast Calculator
Calculate how a lump sum payment reduces your monthly payments and total interest
📊 Loan Information
📈 Recast Analysis Results
Important Considerations:
- Most lenders require a minimum payment (usually $5,000-$10,000)
- Not all loan types are eligible for recasting
- Lender fees typically range from $150-$500
- Your loan term remains the same
What Is a Mortgage Recast?
A mortgage recast is when you make a large payment toward your loan principal and your lender recalculates (or “recasts”) your monthly payment based on the lower balance. Unlike refinancing, there are no changes to your loan’s interest rate or term.
This makes it an attractive option for homeowners who receive a windfall (bonus, inheritance, property sale) and want to reduce their monthly mortgage obligations without going through refinancing costs.
Benefits of Using a Recast Mortgage Calculator
- Lower monthly payments without refinancing.
- No credit checks or appraisals (in most cases).
- Keeps your current interest rate intact.
- Helps manage cash flow while paying down debt faster.
Example: Recasting vs. Not Recasting
