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) – Lower Your Payment

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 61–120 of 324 | Page 2/6

#	Date	Payment	Principal	Interest	Balance
YEAR 9 \| Principal: $6,536.06 Interest: $19,869.89 Total: $26,405.88
97	Apr 2031	$2,200.49	$528.63	$1,671.86	$308,122.55
98	May 2031	$2,200.49	$531.50	$1,669.00	$307,591.05
99	Jun 2031	$2,200.49	$534.38	$1,666.12	$307,056.67
100	Jul 2031	$2,200.49	$537.27	$1,663.22	$306,519.40
101	Aug 2031	$2,200.49	$540.18	$1,660.31	$305,979.22
102	Sep 2031	$2,200.49	$543.11	$1,657.39	$305,436.11
103	Oct 2031	$2,200.49	$546.05	$1,654.45	$304,890.06
104	Nov 2031	$2,200.49	$549.01	$1,651.49	$304,341.06
105	Dec 2031	$2,200.49	$551.98	$1,648.51	$303,789.08
106	Jan 2032	$2,200.49	$554.97	$1,645.52	$303,234.11
107	Feb 2032	$2,200.49	$557.98	$1,642.52	$302,676.13
108	Mar 2032	$2,200.49	$561.00	$1,639.50	$302,115.13
YEAR 10 \| Principal: $6,973.78 Interest: $19,432.16 Total: $26,405.88
109	Apr 2032	$2,200.49	$564.04	$1,636.46	$301,551.09
110	May 2032	$2,200.49	$567.09	$1,633.40	$300,984.00
111	Jun 2032	$2,200.49	$570.16	$1,630.33	$300,413.83
112	Jul 2032	$2,200.49	$573.25	$1,627.24	$299,840.58
113	Aug 2032	$2,200.49	$576.36	$1,624.14	$299,264.22
114	Sep 2032	$2,200.49	$579.48	$1,621.01	$298,684.74
115	Oct 2032	$2,200.49	$582.62	$1,617.88	$298,102.12
116	Nov 2032	$2,200.49	$585.77	$1,614.72	$297,516.35
117	Dec 2032	$2,200.49	$588.95	$1,611.55	$296,927.40
118	Jan 2033	$2,200.49	$592.14	$1,608.36	$296,335.26
119	Feb 2033	$2,200.49	$595.35	$1,605.15	$295,739.92
120	Mar 2033	$2,200.49	$598.57	$1,601.92	$295,141.35
YEAR 11 \| Principal: $7,440.83 Interest: $18,965.12 Total: $26,405.88
121	Apr 2033	$2,200.49	$601.81	$1,598.68	$294,539.54
122	May 2033	$2,200.49	$605.07	$1,595.42	$293,934.46
123	Jun 2033	$2,200.49	$608.35	$1,592.15	$293,326.11
124	Jul 2033	$2,200.49	$611.64	$1,588.85	$292,714.47
125	Aug 2033	$2,200.49	$614.96	$1,585.54	$292,099.51
126	Sep 2033	$2,200.49	$618.29	$1,582.21	$291,481.22
127	Oct 2033	$2,200.49	$621.64	$1,578.86	$290,859.59
128	Nov 2033	$2,200.49	$625.01	$1,575.49	$290,234.58
129	Dec 2033	$2,200.49	$628.39	$1,572.10	$289,606.19
130	Jan 2034	$2,200.49	$631.79	$1,568.70	$288,974.39
131	Feb 2034	$2,200.49	$635.22	$1,565.28	$288,339.18
132	Mar 2034	$2,200.49	$638.66	$1,561.84	$287,700.52
YEAR 12 \| Principal: $7,939.16 Interest: $18,466.79 Total: $26,405.88
133	Apr 2034	$2,200.49	$642.12	$1,558.38	$287,058.40
134	May 2034	$2,200.49	$645.59	$1,554.90	$286,412.81
135	Jun 2034	$2,200.49	$649.09	$1,551.40	$285,763.72
136	Jul 2034	$2,200.49	$652.61	$1,547.89	$285,111.11
137	Aug 2034	$2,200.49	$656.14	$1,544.35	$284,454.97
138	Sep 2034	$2,200.49	$659.70	$1,540.80	$283,795.27
139	Oct 2034	$2,200.49	$663.27	$1,537.22	$283,132.00
140	Nov 2034	$2,200.49	$666.86	$1,533.63	$282,465.14
141	Dec 2034	$2,200.49	$670.48	$1,530.02	$281,794.66
142	Jan 2035	$2,200.49	$674.11	$1,526.39	$281,120.55
143	Feb 2035	$2,200.49	$677.76	$1,522.74	$280,442.80
144	Mar 2035	$2,200.49	$681.43	$1,519.07	$279,761.37
YEAR 13 \| Principal: $8,470.85 Interest: $17,935.08 Total: $26,405.88
145	Apr 2035	$2,200.49	$685.12	$1,515.37	$279,076.25
146	May 2035	$2,200.49	$688.83	$1,511.66	$278,387.41
147	Jun 2035	$2,200.49	$692.56	$1,507.93	$277,694.85
148	Jul 2035	$2,200.49	$696.31	$1,504.18	$276,998.54
149	Aug 2035	$2,200.49	$700.09	$1,500.41	$276,298.45
150	Sep 2035	$2,200.49	$703.88	$1,496.62	$275,594.57
151	Oct 2035	$2,200.49	$707.69	$1,492.80	$274,886.88
152	Nov 2035	$2,200.49	$711.52	$1,488.97	$274,175.36
153	Dec 2035	$2,200.49	$715.38	$1,485.12	$273,459.98
154	Jan 2036	$2,200.49	$719.25	$1,481.24	$272,740.73
155	Feb 2036	$2,200.49	$723.15	$1,477.35	$272,017.58
156	Mar 2036	$2,200.49	$727.07	$1,473.43	$271,290.51
—	Page 2 total	$132,029.40	$37,360.68	$94,669.04	—

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Page 2 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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