Mortgage Recast Calculator ? Lump Sum, New Payment
A recast re-amortizes your loan after a lump-sum principal payment ? same rate, same term, lower payment. Enter balance, rate, years left and the lump sum to see the new number.
Mortgage Recast Calculator
$
%
yrs
$
Min often $5–10K; servicer varies
$
Typically $0–500
New Monthly P&I
$1,795
saves $332/mo — same rate, same term
Current P&I$2,128
New balance after lump sum$270,000
Monthly savings$332
Recast fee recovered in1 month(s)
Recasting keeps your rate and timeline — unlike refinancing. FHA/VA/USDA loans can't be recast; conventional loans usually can.
Numbers look good? Check what lenders will actually offer you.
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