Mortgage Recast Calculator
Estimate your new monthly principal-and-interest payment after applying a lump sum while keeping the same interest rate and remaining loan term.
Add the remaining balance, interest rate and months left.
Enter the principal payment you plan to make before recasting.
Compare your current and estimated recast payments and interest.
This calculator assumes a fixed-rate, fully amortizing mortgage. A recast applies your lump-sum payment directly to principal and recalculates the payment over the existing remaining term. Property taxes, homeowners insurance, HOA dues, mortgage insurance and escrow changes are not included.
What is a mortgage recast?
A mortgage recast recalculates your monthly principal-and-interest payment after a substantial principal reduction while keeping the existing rate and maturity date.
Does a recast change my interest rate?
No. A standard recast keeps the original interest rate and adjusts the payment based on the lower remaining balance.
Is every mortgage eligible for recasting?
No. Eligibility, minimum lump-sum requirements, fees and timing rules depend on the lender and loan program.
Results are estimates generated locally in your browser using standard financial formulas and the figures you enter. They are for informational purposes only and are not financial, credit, tax or legal advice. Actual offers, rates, fees and eligibility vary by provider. VisionVix accepts no liability for decisions based on this tool's output.
This calculator is for educational and planning purposes only. It does not provide lending, legal, tax or financial advice. Actual recast eligibility, fees, payment amounts and lender requirements may differ. Contact your mortgage servicer for an official recast quote.
