Mortgage Recast Calculator
Estimate the lower payment after a lump-sum principal recast while keeping the same payoff date.
Payment reduction
$320
Monthly P&I savings
New payment
$1,919
Same remaining term
Recast impact
- Current payment
- $2,239
- New balance
- $300,000
- Cash used including fee
- $50,300
- Monthly savings yield
- 7.6%