Mortgage Recast Calculator

Estimate the lower required payment after a principal reduction without replacing your existing rate and remaining term.

Your estimate

Payment after recast: $1,890.58
Monthly payment reduction: $270.08
New loan balance: $280,000.00
Interest difference: $41,024.86
Cash needed: $40,300.00

Recast loanOriginal loan

Starting values are illustrative, not live quotes. Recast approval, minimum principal reduction, fees and timing depend on your servicer and loan. Taxes, insurance and mortgage insurance are outside this P&I comparison.

Payment schedule

Payment schedule
Month	Payment	Principal	Interest	Balance
1	$1,890.58	$373.91	$1,516.67	$279,626.09
2	$1,890.58	$375.94	$1,514.64	$279,250.15
3	$1,890.58	$377.98	$1,512.60	$278,872.17
4	$1,890.58	$380.02	$1,510.56	$278,492.15
5	$1,890.58	$382.08	$1,508.50	$278,110.07
6	$1,890.58	$384.15	$1,506.43	$277,725.92
7	$1,890.58	$386.23	$1,504.35	$277,339.69
8	$1,890.58	$388.32	$1,502.26	$276,951.36
9	$1,890.58	$390.43	$1,500.15	$276,560.94
10	$1,890.58	$392.54	$1,498.04	$276,168.40
11	$1,890.58	$394.67	$1,495.91	$275,773.73
12	$1,890.58	$396.81	$1,493.77	$275,376.92
13	$1,890.58	$398.96	$1,491.62	$274,977.97
14	$1,890.58	$401.12	$1,489.46	$274,576.85
15	$1,890.58	$403.29	$1,487.29	$274,173.56
16	$1,890.58	$405.47	$1,485.11	$273,768.09
17	$1,890.58	$407.67	$1,482.91	$273,360.42
18	$1,890.58	$409.88	$1,480.70	$272,950.54
19	$1,890.58	$412.10	$1,478.48	$272,538.44
20	$1,890.58	$414.33	$1,476.25	$272,124.11
21	$1,890.58	$416.57	$1,474.01	$271,707.54
22	$1,890.58	$418.83	$1,471.75	$271,288.71
23	$1,890.58	$421.10	$1,469.48	$270,867.61
24	$1,890.58	$423.38	$1,467.20	$270,444.23
25	$1,890.58	$425.67	$1,464.91	$270,018.55
26	$1,890.58	$427.98	$1,462.60	$269,590.57
27	$1,890.58	$430.30	$1,460.28	$269,160.28
28	$1,890.58	$432.63	$1,457.95	$268,727.65
29	$1,890.58	$434.97	$1,455.61	$268,292.68
30	$1,890.58	$437.33	$1,453.25	$267,855.35
31	$1,890.58	$439.70	$1,450.88	$267,415.65
32	$1,890.58	$442.08	$1,448.50	$266,973.57
33	$1,890.58	$444.47	$1,446.11	$266,529.10
34	$1,890.58	$446.88	$1,443.70	$266,082.22
35	$1,890.58	$449.30	$1,441.28	$265,632.92
36	$1,890.58	$451.74	$1,438.84	$265,181.18
37	$1,890.58	$454.18	$1,436.40	$264,727.00
38	$1,890.58	$456.64	$1,433.94	$264,270.36
39	$1,890.58	$459.12	$1,431.46	$263,811.24
40	$1,890.58	$461.60	$1,428.98	$263,349.64
41	$1,890.58	$464.10	$1,426.48	$262,885.54
42	$1,890.58	$466.62	$1,423.96	$262,418.92
43	$1,890.58	$469.14	$1,421.44	$261,949.78
44	$1,890.58	$471.69	$1,418.89	$261,478.09
45	$1,890.58	$474.24	$1,416.34	$261,003.85
46	$1,890.58	$476.81	$1,413.77	$260,527.04
47	$1,890.58	$479.39	$1,411.19	$260,047.65
48	$1,890.58	$481.99	$1,408.59	$259,565.66
49	$1,890.58	$484.60	$1,405.98	$259,081.06
50	$1,890.58	$487.22	$1,403.36	$258,593.84
51	$1,890.58	$489.86	$1,400.72	$258,103.97
52	$1,890.58	$492.52	$1,398.06	$257,611.46
53	$1,890.58	$495.18	$1,395.40	$257,116.27
54	$1,890.58	$497.87	$1,392.71	$256,618.41
55	$1,890.58	$500.56	$1,390.02	$256,117.84
56	$1,890.58	$503.28	$1,387.30	$255,614.57
57	$1,890.58	$506.00	$1,384.58	$255,108.57
58	$1,890.58	$508.74	$1,381.84	$254,599.82
59	$1,890.58	$511.50	$1,379.08	$254,088.33
60	$1,890.58	$514.27	$1,376.31	$253,574.06
61	$1,890.58	$517.05	$1,373.53	$253,057.00
62	$1,890.58	$519.85	$1,370.73	$252,537.15
63	$1,890.58	$522.67	$1,367.91	$252,014.48
64	$1,890.58	$525.50	$1,365.08	$251,488.98
65	$1,890.58	$528.35	$1,362.23	$250,960.63
66	$1,890.58	$531.21	$1,359.37	$250,429.42
67	$1,890.58	$534.09	$1,356.49	$249,895.33
68	$1,890.58	$536.98	$1,353.60	$249,358.35
69	$1,890.58	$539.89	$1,350.69	$248,818.46
70	$1,890.58	$542.81	$1,347.77	$248,275.65
71	$1,890.58	$545.75	$1,344.83	$247,729.90
72	$1,890.58	$548.71	$1,341.87	$247,181.19
73	$1,890.58	$551.68	$1,338.90	$246,629.50
74	$1,890.58	$554.67	$1,335.91	$246,074.83
75	$1,890.58	$557.67	$1,332.91	$245,517.16
76	$1,890.58	$560.70	$1,329.88	$244,956.46
77	$1,890.58	$563.73	$1,326.85	$244,392.73
78	$1,890.58	$566.79	$1,323.79	$243,825.94
79	$1,890.58	$569.86	$1,320.72	$243,256.09
80	$1,890.58	$572.94	$1,317.64	$242,683.15
81	$1,890.58	$576.05	$1,314.53	$242,107.10
82	$1,890.58	$579.17	$1,311.41	$241,527.93
83	$1,890.58	$582.30	$1,308.28	$240,945.63
84	$1,890.58	$585.46	$1,305.12	$240,360.17
85	$1,890.58	$588.63	$1,301.95	$239,771.54
86	$1,890.58	$591.82	$1,298.76	$239,179.72
87	$1,890.58	$595.02	$1,295.56	$238,584.70
88	$1,890.58	$598.25	$1,292.33	$237,986.45
89	$1,890.58	$601.49	$1,289.09	$237,384.97
90	$1,890.58	$604.74	$1,285.84	$236,780.22
91	$1,890.58	$608.02	$1,282.56	$236,172.20
92	$1,890.58	$611.31	$1,279.27	$235,560.89
93	$1,890.58	$614.63	$1,275.95	$234,946.26
94	$1,890.58	$617.95	$1,272.63	$234,328.31
95	$1,890.58	$621.30	$1,269.28	$233,707.01
96	$1,890.58	$624.67	$1,265.91	$233,082.34
97	$1,890.58	$628.05	$1,262.53	$232,454.29
98	$1,890.58	$631.45	$1,259.13	$231,822.84
99	$1,890.58	$634.87	$1,255.71	$231,187.96
100	$1,890.58	$638.31	$1,252.27	$230,549.65
101	$1,890.58	$641.77	$1,248.81	$229,907.88
102	$1,890.58	$645.25	$1,245.33	$229,262.64
103	$1,890.58	$648.74	$1,241.84	$228,613.90
104	$1,890.58	$652.25	$1,238.33	$227,961.64
105	$1,890.58	$655.79	$1,234.79	$227,305.85
106	$1,890.58	$659.34	$1,231.24	$226,646.51
107	$1,890.58	$662.91	$1,227.67	$225,983.60
108	$1,890.58	$666.50	$1,224.08	$225,317.10
109	$1,890.58	$670.11	$1,220.47	$224,646.99
110	$1,890.58	$673.74	$1,216.84	$223,973.24
111	$1,890.58	$677.39	$1,213.19	$223,295.85
112	$1,890.58	$681.06	$1,209.52	$222,614.79
113	$1,890.58	$684.75	$1,205.83	$221,930.04
114	$1,890.58	$688.46	$1,202.12	$221,241.58
115	$1,890.58	$692.19	$1,198.39	$220,549.40
116	$1,890.58	$695.94	$1,194.64	$219,853.46
117	$1,890.58	$699.71	$1,190.87	$219,153.75
118	$1,890.58	$703.50	$1,187.08	$218,450.25
119	$1,890.58	$707.31	$1,183.27	$217,742.95
120	$1,890.58	$711.14	$1,179.44	$217,031.81
121	$1,890.58	$714.99	$1,175.59	$216,316.82
122	$1,890.58	$718.86	$1,171.72	$215,597.95
123	$1,890.58	$722.76	$1,167.82	$214,875.19
124	$1,890.58	$726.67	$1,163.91	$214,148.52
125	$1,890.58	$730.61	$1,159.97	$213,417.91
126	$1,890.58	$734.57	$1,156.01	$212,683.35
127	$1,890.58	$738.55	$1,152.03	$211,944.80
128	$1,890.58	$742.55	$1,148.03	$211,202.25
129	$1,890.58	$746.57	$1,144.01	$210,455.69
130	$1,890.58	$750.61	$1,139.97	$209,705.08
131	$1,890.58	$754.68	$1,135.90	$208,950.40
132	$1,890.58	$758.77	$1,131.81	$208,191.63
133	$1,890.58	$762.88	$1,127.70	$207,428.76
134	$1,890.58	$767.01	$1,123.57	$206,661.75
135	$1,890.58	$771.16	$1,119.42	$205,890.59
136	$1,890.58	$775.34	$1,115.24	$205,115.25
137	$1,890.58	$779.54	$1,111.04	$204,335.71
138	$1,890.58	$783.76	$1,106.82	$203,551.95
139	$1,890.58	$788.01	$1,102.57	$202,763.94
140	$1,890.58	$792.28	$1,098.30	$201,971.66
141	$1,890.58	$796.57	$1,094.01	$201,175.10
142	$1,890.58	$800.88	$1,089.70	$200,374.22
143	$1,890.58	$805.22	$1,085.36	$199,569.00
144	$1,890.58	$809.58	$1,081.00	$198,759.41
145	$1,890.58	$813.97	$1,076.61	$197,945.45
146	$1,890.58	$818.38	$1,072.20	$197,127.07
147	$1,890.58	$822.81	$1,067.77	$196,304.26
148	$1,890.58	$827.27	$1,063.31	$195,477.00
149	$1,890.58	$831.75	$1,058.83	$194,645.25
150	$1,890.58	$836.25	$1,054.33	$193,809.00
151	$1,890.58	$840.78	$1,049.80	$192,968.22
152	$1,890.58	$845.34	$1,045.24	$192,122.88
153	$1,890.58	$849.91	$1,040.67	$191,272.97
154	$1,890.58	$854.52	$1,036.06	$190,418.45
155	$1,890.58	$859.15	$1,031.43	$189,559.30
156	$1,890.58	$863.80	$1,026.78	$188,695.50
157	$1,890.58	$868.48	$1,022.10	$187,827.03
158	$1,890.58	$873.18	$1,017.40	$186,953.84
159	$1,890.58	$877.91	$1,012.67	$186,075.93
160	$1,890.58	$882.67	$1,007.91	$185,193.26
161	$1,890.58	$887.45	$1,003.13	$184,305.81
162	$1,890.58	$892.26	$998.32	$183,413.55
163	$1,890.58	$897.09	$993.49	$182,516.46
164	$1,890.58	$901.95	$988.63	$181,614.51
165	$1,890.58	$906.83	$983.75	$180,707.68
166	$1,890.58	$911.75	$978.83	$179,795.93
167	$1,890.58	$916.69	$973.89	$178,879.25
168	$1,890.58	$921.65	$968.93	$177,957.60
169	$1,890.58	$926.64	$963.94	$177,030.95
170	$1,890.58	$931.66	$958.92	$176,099.29
171	$1,890.58	$936.71	$953.87	$175,162.58
172	$1,890.58	$941.78	$948.80	$174,220.80
173	$1,890.58	$946.88	$943.70	$173,273.91
174	$1,890.58	$952.01	$938.57	$172,321.90
175	$1,890.58	$957.17	$933.41	$171,364.73
176	$1,890.58	$962.35	$928.23	$170,402.38
177	$1,890.58	$967.57	$923.01	$169,434.81
178	$1,890.58	$972.81	$917.77	$168,462.00
179	$1,890.58	$978.08	$912.50	$167,483.92
180	$1,890.58	$983.38	$907.20	$166,500.55
181	$1,890.58	$988.70	$901.88	$165,511.85
182	$1,890.58	$994.06	$896.52	$164,517.79
183	$1,890.58	$999.44	$891.14	$163,518.35
184	$1,890.58	$1,004.86	$885.72	$162,513.49
185	$1,890.58	$1,010.30	$880.28	$161,503.19
186	$1,890.58	$1,015.77	$874.81	$160,487.42
187	$1,890.58	$1,021.27	$869.31	$159,466.15
188	$1,890.58	$1,026.81	$863.77	$158,439.34
189	$1,890.58	$1,032.37	$858.21	$157,406.98
190	$1,890.58	$1,037.96	$852.62	$156,369.02
191	$1,890.58	$1,043.58	$847.00	$155,325.44
192	$1,890.58	$1,049.23	$841.35	$154,276.20
193	$1,890.58	$1,054.92	$835.66	$153,221.29
194	$1,890.58	$1,060.63	$829.95	$152,160.65
195	$1,890.58	$1,066.38	$824.20	$151,094.28
196	$1,890.58	$1,072.15	$818.43	$150,022.12
197	$1,890.58	$1,077.96	$812.62	$148,944.16
198	$1,890.58	$1,083.80	$806.78	$147,860.37
199	$1,890.58	$1,089.67	$800.91	$146,770.70
200	$1,890.58	$1,095.57	$795.01	$145,675.12
201	$1,890.58	$1,101.51	$789.07	$144,573.62
202	$1,890.58	$1,107.47	$783.11	$143,466.14
203	$1,890.58	$1,113.47	$777.11	$142,352.67
204	$1,890.58	$1,119.50	$771.08	$141,233.17
205	$1,890.58	$1,125.57	$765.01	$140,107.60
206	$1,890.58	$1,131.66	$758.92	$138,975.94
207	$1,890.58	$1,137.79	$752.79	$137,838.14
208	$1,890.58	$1,143.96	$746.62	$136,694.19
209	$1,890.58	$1,150.15	$740.43	$135,544.03
210	$1,890.58	$1,156.38	$734.20	$134,387.65
211	$1,890.58	$1,162.65	$727.93	$133,225.00
212	$1,890.58	$1,168.94	$721.64	$132,056.06
213	$1,890.58	$1,175.28	$715.30	$130,880.78
214	$1,890.58	$1,181.64	$708.94	$129,699.14
215	$1,890.58	$1,188.04	$702.54	$128,511.10
216	$1,890.58	$1,194.48	$696.10	$127,316.62
217	$1,890.58	$1,200.95	$689.63	$126,115.67
218	$1,890.58	$1,207.45	$683.13	$124,908.22
219	$1,890.58	$1,213.99	$676.59	$123,694.22
220	$1,890.58	$1,220.57	$670.01	$122,473.65
221	$1,890.58	$1,227.18	$663.40	$121,246.47
222	$1,890.58	$1,233.83	$656.75	$120,012.64
223	$1,890.58	$1,240.51	$650.07	$118,772.13
224	$1,890.58	$1,247.23	$643.35	$117,524.90
225	$1,890.58	$1,253.99	$636.59	$116,270.92
226	$1,890.58	$1,260.78	$629.80	$115,010.14
227	$1,890.58	$1,267.61	$622.97	$113,742.53
228	$1,890.58	$1,274.47	$616.11	$112,468.05
229	$1,890.58	$1,281.38	$609.20	$111,186.67
230	$1,890.58	$1,288.32	$602.26	$109,898.36
231	$1,890.58	$1,295.30	$595.28	$108,603.06
232	$1,890.58	$1,302.31	$588.27	$107,300.74
233	$1,890.58	$1,309.37	$581.21	$105,991.38
234	$1,890.58	$1,316.46	$574.12	$104,674.92
235	$1,890.58	$1,323.59	$566.99	$103,351.33
236	$1,890.58	$1,330.76	$559.82	$102,020.57
237	$1,890.58	$1,337.97	$552.61	$100,682.60
238	$1,890.58	$1,345.22	$545.36	$99,337.38
239	$1,890.58	$1,352.50	$538.08	$97,984.88
240	$1,890.58	$1,359.83	$530.75	$96,625.05
241	$1,890.58	$1,367.19	$523.39	$95,257.86
242	$1,890.58	$1,374.60	$515.98	$93,883.26
243	$1,890.58	$1,382.05	$508.53	$92,501.21
244	$1,890.58	$1,389.53	$501.05	$91,111.68
245	$1,890.58	$1,397.06	$493.52	$89,714.62
246	$1,890.58	$1,404.63	$485.95	$88,309.99
247	$1,890.58	$1,412.23	$478.35	$86,897.76
248	$1,890.58	$1,419.88	$470.70	$85,477.88
249	$1,890.58	$1,427.57	$463.01	$84,050.30
250	$1,890.58	$1,435.31	$455.27	$82,614.99
251	$1,890.58	$1,443.08	$447.50	$81,171.91
252	$1,890.58	$1,450.90	$439.68	$79,721.01
253	$1,890.58	$1,458.76	$431.82	$78,262.25
254	$1,890.58	$1,466.66	$423.92	$76,795.59
255	$1,890.58	$1,474.60	$415.98	$75,320.99
256	$1,890.58	$1,482.59	$407.99	$73,838.40
257	$1,890.58	$1,490.62	$399.96	$72,347.78
258	$1,890.58	$1,498.70	$391.88	$70,849.08
259	$1,890.58	$1,506.81	$383.77	$69,342.27
260	$1,890.58	$1,514.98	$375.60	$67,827.29
261	$1,890.58	$1,523.18	$367.40	$66,304.11
262	$1,890.58	$1,531.43	$359.15	$64,772.68
263	$1,890.58	$1,539.73	$350.85	$63,232.95
264	$1,890.58	$1,548.07	$342.51	$61,684.88
265	$1,890.58	$1,556.45	$334.13	$60,128.43
266	$1,890.58	$1,564.88	$325.70	$58,563.54
267	$1,890.58	$1,573.36	$317.22	$56,990.18
268	$1,890.58	$1,581.88	$308.70	$55,408.30
269	$1,890.58	$1,590.45	$300.13	$53,817.85
270	$1,890.58	$1,599.07	$291.51	$52,218.78
271	$1,890.58	$1,607.73	$282.85	$50,611.05
272	$1,890.58	$1,616.44	$274.14	$48,994.61
273	$1,890.58	$1,625.19	$265.39	$47,369.42
274	$1,890.58	$1,634.00	$256.58	$45,735.43
275	$1,890.58	$1,642.85	$247.73	$44,092.58
276	$1,890.58	$1,651.75	$238.83	$42,440.83
277	$1,890.58	$1,660.69	$229.89	$40,780.14
278	$1,890.58	$1,669.69	$220.89	$39,110.45
279	$1,890.58	$1,678.73	$211.85	$37,431.72
280	$1,890.58	$1,687.82	$202.76	$35,743.90
281	$1,890.58	$1,696.97	$193.61	$34,046.93
282	$1,890.58	$1,706.16	$184.42	$32,340.77
283	$1,890.58	$1,715.40	$175.18	$30,625.37
284	$1,890.58	$1,724.69	$165.89	$28,900.68
285	$1,890.58	$1,734.03	$156.55	$27,166.64
286	$1,890.58	$1,743.43	$147.15	$25,423.22
287	$1,890.58	$1,752.87	$137.71	$23,670.34
288	$1,890.58	$1,762.37	$128.21	$21,907.98
289	$1,890.58	$1,771.91	$118.67	$20,136.07
290	$1,890.58	$1,781.51	$109.07	$18,354.56
291	$1,890.58	$1,791.16	$99.42	$16,563.40
292	$1,890.58	$1,800.86	$89.72	$14,762.54
293	$1,890.58	$1,810.62	$79.96	$12,951.92
294	$1,890.58	$1,820.42	$70.16	$11,131.50
295	$1,890.58	$1,830.28	$60.30	$9,301.21
296	$1,890.58	$1,840.20	$50.38	$7,461.01
297	$1,890.58	$1,850.17	$40.41	$5,610.85
298	$1,890.58	$1,860.19	$30.39	$3,750.66
299	$1,890.58	$1,870.26	$20.32	$1,880.39
300	$1,890.58	$1,880.39	$10.19	$0.00

Updated September 9, 2026

How to use

Replace the example inputs with your loan and property figures.
Select Calculate to update the estimate and any schedule.
Change one assumption at a time, then compare the result with the earlier scenario.

How this calculation works

The proposed principal payment is subtracted from the current balance. The remaining debt is amortized over the same number of months at the same rate. The recast fee is paid in cash and does not reduce principal in this model.

Recast payment = payment(P − lump sum, existing rate, remaining months)

Worked example

Illustrative inputs — not a quote or a local average.

Current principal balance: $320,000.00
Interest rate: 6.5 %
Years remaining: 25 years
One-time principal payment: $40,000.00
Transaction costs: $300.00

Payment after recast: $1,890.58. Monthly payment reduction: $270.08. New loan balance: $280,000.00.

Reading the result

The monthly reduction shows the cash-flow change after the recast becomes effective. Compare it with keeping the old payment after the same principal reduction. The latter approach can pay off the debt sooner, while recasting lowers the obligation and keeps the scheduled finish date.

Before acting on the estimate

The calculation does not establish recast eligibility. Confirm the minimum payment, fee, processing period and effective payment date with the servicer before sending funds. Keep paying the contractual amount until the servicer confirms the change.