Mortgage Recast Calculator 2026
Lower your monthly payment without refinancing. Pay a lump sum toward principal, keep your same rate and term, and watch your payment drop. $100K lump sum on $400K loan = $422/mo savings. Free, instant, no SSN.
Lower Your Payment Without Refinancing
Keep your low rate. Pay a lump sum. Drop your payment. One-time fee: $250-$500. No closing costs, no credit check.
📊 Mortgage Recast Calculator
💡 What Is a Mortgage Recast?
A mortgage recast is when you make a large lump-sum payment toward your principal and your lender re-amortizes the loan over the remaining term. Your interest rate stays the same, your term stays the same, but your monthly payment drops. It costs just $250-$500 in fees vs $3,000-$8,000 for a refinance.
📋 Recast Requirements:
- • Minimum lump sum: $10,000 or 10% of principal (varies by lender)
- • Loan must be current (no late payments in past 12 months)
- • Fee: $250-$500 (one-time)
- • No credit check, no appraisal, no income verification
- • Available for conventional, FHA, and VA loans
- • Lender must offer recasting (most do, some don't)
🏦 Lenders That Offer Mortgage Recasting
| Lender | Recast Fee | Min Lump Sum | FHA/VA Recast |
|---|---|---|---|
| Rocket Mortgage | $250 | $10,000 | Yes |
| Wells Fargo | $500 | $10,000 | Yes |
| Bank of America | $500 | $10,000 | Yes |
| Mr. Cooper | $300 | $10,000 | Yes |
| Chase | $250 | $5,000 | Yes |
| Better.com | Not offered | N/A | No |
Ready to Lower Your Payment?
Recast your mortgage or compare refinance options. Save hundreds per month.
Compare Lenders Free →❓ Mortgage Recast FAQ
What is a mortgage recast?
Pay a lump sum toward principal, lender re-amortizes over remaining term. Same rate, same term, lower payment. Fee: $250-$500. No credit check. Find recast lenders →
Is recasting better than refinancing?
Recast is better if you have a low rate and a lump sum. Refinance is better if you can get a lower rate. Recast costs $250-$500 vs $3K-$8K for refinance. Compare recast vs refinance →
Can I recast an FHA or VA loan?
Yes. Both FHA and VA loans can be recast. Loan must be current, minimum lump sum $10K+. Check with your servicer. Get pre-approved →
What is the minimum lump sum for a recast?
Most lenders require $10,000 or 10% of remaining principal. Some require $25,000+. Calculate your recast →