What is a mortgage recast?

Recasting is the process of pre-paying a lump sum to the lender, which gives a new lower payment balance.

Mortgage Recast Calculator (2026)

Q: What is a Mortgage Recast Calculator?

A mortgage recast calculator helps homeowners estimate new monthly payments and total interest savings after making a lump sum payment towards their mortgage principal.

No sign-up required Penny-accurate results Full amortization table Instant calculation Free forever

Recast Mortgage Calculator: Lower Your Loan Payments Easily

"A Mortgage Recast Calculator helps homeowners estimate potential savings and new payment schedules after making a large principal payment."

Enter Your Loan Details Below

Fill in the fields and click Calculate — results appear instantly, no page reload.

Loan Details

Current Loan

Original Loan Amount

Amount borrowed at loan start

Annual Interest Rate

Fixed rate on your mortgage

Loan Term

yrs

Total tenure (15, 20, 30 yrs)

Months Already Paid

EMIs made so far (36 = 3 yrs)

Loan Start Year

For calendar labels in table

Loan Start Month

1 = Jan … 12 = Dec

Recast Details

Lump-Sum Payment

Extra principal you'll pay now

Recast Fee

Lender one-time fee ($150–$500)

Your Recast Results

✓ Net saving: $5,949.93

EMI Before
$2,528.27
Balance $385,668.97
EMI After Recast
$2,200.49
New bal $335,668.97
Monthly Saving
$327.78
$3,933.33/year
Interest Saved
$56,199.93
13% reduction

Remaining Interest — Before vs. After

Without recast

$433,491.30

With recast

$377,291.37

Recast saves $56,199.93 (13%) over the remaining 324 months.

Loan Snapshot

Original loan	$400,000.00
Rate / Term	6.500% / 30yrs
Original EMI	$2,528.27
Months paid	36 (3y 0m)
Principal paid	$399,999.96
Interest paid	$76,686.80
Outstanding balance	$385,668.97
Remaining	27y 0m (324 months)

Recast Impact

Lump-sum paid	$50,000.00
Recast fee	$250.00
New balance	$335,668.97
EMI before	$2,528.27
EMI after	$2,200.49
Monthly saving	$327.78
Interest saved	$56,199.93 (13%)
Net gain	$5,949.93

Full Breakdown & Break-even

Total outflow, break-even months, and all detailed figures

Show ▼

Monthly rate	0.541667%
Total interest — without recast	$433,491.30
Total interest — with recast	$377,291.37
Total outflow — without recast	$819,159.48
Total outflow — with recast (inc. lump + fee)	$763,208.76
Net financial gain	$5,949.93
Break-even period	154 months (12y 10m)
Annual saving	$3,933.33/year

☰ Amortization Schedule

Month-by-month table — grouped by year with subtotals and calendar dates

Show Table ▼

Without Recast With Recast

Months 1–60 of 324 | Page 1/6

#	Date	Payment	Principal	Interest	Balance
YEAR 4 \| Principal: $5,430.67 Interest: $24,908.58 Total: $30,339.24
37	Aug 2026	$2,528.27	$439.23	$2,089.04	$385,229.74
38	Sep 2026	$2,528.27	$441.61	$2,086.66	$384,788.12
39	Oct 2026	$2,528.27	$444.00	$2,084.27	$384,344.12
40	Nov 2026	$2,528.27	$446.41	$2,081.86	$383,897.71
41	Dec 2026	$2,528.27	$448.83	$2,079.45	$383,448.89
42	Jan 2027	$2,528.27	$451.26	$2,077.01	$382,997.63
43	Feb 2027	$2,528.27	$453.70	$2,074.57	$382,543.93
44	Mar 2027	$2,528.27	$456.16	$2,072.11	$382,087.77
45	Apr 2027	$2,528.27	$458.63	$2,069.64	$381,629.14
46	May 2027	$2,528.27	$461.11	$2,067.16	$381,168.03
47	Jun 2027	$2,528.27	$463.61	$2,064.66	$380,704.41
48	Jul 2027	$2,528.27	$466.12	$2,062.15	$380,238.29
YEAR 5 \| Principal: $5,794.39 Interest: $24,544.89 Total: $30,339.24
49	Aug 2027	$2,528.27	$468.65	$2,059.62	$379,769.64
50	Sep 2027	$2,528.27	$471.19	$2,057.09	$379,298.46
51	Oct 2027	$2,528.27	$473.74	$2,054.53	$378,824.72
52	Nov 2027	$2,528.27	$476.30	$2,051.97	$378,348.41
53	Dec 2027	$2,528.27	$478.88	$2,049.39	$377,869.53
54	Jan 2028	$2,528.27	$481.48	$2,046.79	$377,388.05
55	Feb 2028	$2,528.27	$484.09	$2,044.19	$376,903.96
56	Mar 2028	$2,528.27	$486.71	$2,041.56	$376,417.25
57	Apr 2028	$2,528.27	$489.35	$2,038.93	$375,927.91
58	May 2028	$2,528.27	$492.00	$2,036.28	$375,435.91
59	Jun 2028	$2,528.27	$494.66	$2,033.61	$374,941.25
60	Jul 2028	$2,528.27	$497.34	$2,030.93	$374,443.91
YEAR 6 \| Principal: $6,182.44 Interest: $24,156.84 Total: $30,339.24
61	Aug 2028	$2,528.27	$500.03	$2,028.24	$373,943.88
62	Sep 2028	$2,528.27	$502.74	$2,025.53	$373,441.13
63	Oct 2028	$2,528.27	$505.47	$2,022.81	$372,935.67
64	Nov 2028	$2,528.27	$508.20	$2,020.07	$372,427.46
65	Dec 2028	$2,528.27	$510.96	$2,017.32	$371,916.51
66	Jan 2029	$2,528.27	$513.72	$2,014.55	$371,402.78
67	Feb 2029	$2,528.27	$516.51	$2,011.77	$370,886.27
68	Mar 2029	$2,528.27	$519.30	$2,008.97	$370,366.97
69	Apr 2029	$2,528.27	$522.12	$2,006.15	$369,844.85
70	May 2029	$2,528.27	$524.95	$2,003.33	$369,319.91
71	Jun 2029	$2,528.27	$527.79	$2,000.48	$368,792.12
72	Jul 2029	$2,528.27	$530.65	$1,997.62	$368,261.47
YEAR 7 \| Principal: $6,596.49 Interest: $23,742.78 Total: $30,339.24
73	Aug 2029	$2,528.27	$533.52	$1,994.75	$367,727.95
74	Sep 2029	$2,528.27	$536.41	$1,991.86	$367,191.53
75	Oct 2029	$2,528.27	$539.32	$1,988.95	$366,652.22
76	Nov 2029	$2,528.27	$542.24	$1,986.03	$366,109.98
77	Dec 2029	$2,528.27	$545.18	$1,983.10	$365,564.80
78	Jan 2030	$2,528.27	$548.13	$1,980.14	$365,016.67
79	Feb 2030	$2,528.27	$551.10	$1,977.17	$364,465.57
80	Mar 2030	$2,528.27	$554.08	$1,974.19	$363,911.49
81	Apr 2030	$2,528.27	$557.08	$1,971.19	$363,354.40
82	May 2030	$2,528.27	$560.10	$1,968.17	$362,794.30
83	Jun 2030	$2,528.27	$563.14	$1,965.14	$362,231.17
84	Jul 2030	$2,528.27	$566.19	$1,962.09	$361,664.98
YEAR 8 \| Principal: $7,038.27 Interest: $23,301.01 Total: $30,339.24
85	Aug 2030	$2,528.27	$569.25	$1,959.02	$361,095.73
86	Sep 2030	$2,528.27	$572.34	$1,955.94	$360,523.39
87	Oct 2030	$2,528.27	$575.44	$1,952.84	$359,947.95
88	Nov 2030	$2,528.27	$578.55	$1,949.72	$359,369.40
89	Dec 2030	$2,528.27	$581.69	$1,946.58	$358,787.71
90	Jan 2031	$2,528.27	$584.84	$1,943.43	$358,202.87
91	Feb 2031	$2,528.27	$588.01	$1,940.27	$357,614.86
92	Mar 2031	$2,528.27	$591.19	$1,937.08	$357,023.67
93	Apr 2031	$2,528.27	$594.39	$1,933.88	$356,429.28
94	May 2031	$2,528.27	$597.61	$1,930.66	$355,831.67
95	Jun 2031	$2,528.27	$600.85	$1,927.42	$355,230.82
96	Jul 2031	$2,528.27	$604.11	$1,924.17	$354,626.71
—	Page 1 total	$151,696.20	$31,042.26	$120,654.10	—

1 2 3 … ›

Page 1 of 6 · 5 years per page

Our mortgage recast calculator helps homeowners easily estimate their new, lower monthly payments after making a large lump sum payment toward their existing loan balance. Using a recast calculator, you can plan your mortgage strategy more effectively and understand how a one-time payment impacts your loan term and overall costs.

What is Mortgage Recast?

In banking, a mortgage is a borrower's loan to purchase land, a plot, a house, or other real estate. The Recast Mortgage is a process where large payments are made to reduce the principal amount, so the lender re-amortizes the loan with lower monthly repayments based on the new balance.

Though the loan is recast, the interest doesn't change and remains fixed. The loan term also stays the same. FHA, USDA, and VA loans typically do not support standard recasting, though lenders may make exceptions. For more details, see the Consumer Financial Protection Bureau.

How a Mortgage Recast Works

The borrower pays a lump sum toward the principal. The lender then re-amortizes the remaining balance into new monthly payments over the same remaining term. The new schedule includes updated principal, interest, and balance for every month ahead.

How to Use This Calculator

Enter: original loan amount, interest rate, loan term, months already paid, lump-sum payment, and recast fee. The calculator instantly shows your new EMI, interest saved, break-even point, and a full month-by-month amortization table.

Example: $200,000 loan at 5% for 30 years = $1,074/month. After 10 years, recast $50,000 (fee $250). New balance $112,684 → new payment $744/month for the remaining 20 years.

Requirements

No government-backed loan (FHA, VA, USDA not eligible)
Must meet lender's minimum equity requirements
Minimum lump-sum amount (varies by lender)
Good payment history required

When is the Right Time to Recast?

Recasting works best when your interest rate is fixed or rising, you have a low credit score that would hurt refinancing rates, or you've received a windfall (bonus, inheritance, asset sale) and want to lower monthly payments without the approval process of a refinance.

Current U.S. Mortgage Rates (2026)

Loan Type	Approx. Rate
30-Year Fixed	6.5% – 7.0%
15-Year Fixed	5.7% – 6.2%
Refinance Rates	Similar (lender-dependent)

Rates change frequently based on inflation, Federal Reserve policies, and market demand.

Conclusion

Mortgage recasting lowers your monthly payments by applying a lump sum to the principal — keeping your rate and term unchanged. It's a smart, low-friction alternative to refinancing, especially when credit scores are low or rates are high. Use this calculator to see your exact numbers before approaching your lender.

Frequently Asked Questions

A Recast mortgage calculator helps homeowners estimate new monthly payments and total interest savings after making a lump sum payment towards their mortgage principal.

Recasting is the process of pre-paying a lump sum amount to the lender, which reduces the principal and gives a new, lower payment schedule.

When you recast, your lender charges a one-time administrative fee to redo your payment schedule. This typically falls between $150 and $500 — check with your lender for the exact amount.

No. The interest rate remains constant during recasting — only the monthly payment amount decreases due to the lower principal balance.

Government-backed loans — FHA, VA, and USDA — are generally not eligible for loan recasting.

Recasting is ideal when your interest rate is fixed or rising, your credit score is low (making refinancing expensive), or you've received a large sum you want to put toward your home without going through a full refinance process.

Recast Mortgage Calculator: Lower Your Loan Payments Easily

Enter Your Loan Details Below

Loan Details

Your Recast Results

Remaining Interest — Before vs. After

Full Breakdown & Break-even

☰ Amortization Schedule

What is Mortgage Recast?

How a Mortgage Recast Works

How to Use This Calculator

Requirements

When is the Right Time to Recast?

Current U.S. Mortgage Rates (2026)

Conclusion

Frequently Asked Questions

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