Mortgage Recast Calculator

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Are you looking to recast your mortgage? Use the mortgage recast calculator to calculate the savings to decide if you should recast your mortgage.

Recasting Calculator
Remaining Balance
 $
Interest Rate
Current Monthly Payment
 $
Recasting Payment
 $
Recasting Cost
 $

Mortgage Recast Results
Recast Mortgage Balance:
 $165,000.00
Monthly Payment:
 $1,245.97
Total # Of Payments:
 175
Start Date:
 Nov, 2024
Payoff Date:
 May, 2039
Total Interest Paid:
 $53,044.69
Total Payment:
 $218,044.69

Original Mortgage Vs. Mortgage Recast
Comparison Original Recast
Monthly Payment $1,515.43 $1,245.97
Total Interest $63,976.04 $53,044.69
Fees $0 $350
Savings $0 $10,581.35

Mortgage Recast Amortization Schedule
Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Nov, 2024 1 $550.00 $695.97 $1,245.97 $164,304.03
Dec, 2024 2 $547.68 $698.29 $1,245.97 $163,605.74
Jan, 2025 3 $545.35 $700.62 $1,245.97 $162,905.12
Feb, 2025 4 $543.02 $702.95 $1,245.97 $162,202.17
Mar, 2025 5 $540.67 $705.30 $1,245.97 $161,496.88
Apr, 2025 6 $538.32 $707.65 $1,245.97 $160,789.23
May, 2025 7 $535.96 $710.01 $1,245.97 $160,079.22
Jun, 2025 8 $533.60 $712.37 $1,245.97 $159,366.85
Jul, 2025 9 $531.22 $714.75 $1,245.97 $158,652.10
Aug, 2025 10 $528.84 $717.13 $1,245.97 $157,934.97
Sep, 2025 11 $526.45 $719.52 $1,245.97 $157,215.45
Oct, 2025 12 $524.05 $721.92 $1,245.97 $156,493.54
Nov, 2025 13 $521.65 $724.32 $1,245.97 $155,769.21
Dec, 2025 14 $519.23 $726.74 $1,245.97 $155,042.47
Jan, 2026 15 $516.81 $729.16 $1,245.97 $154,313.31
Feb, 2026 16 $514.38 $731.59 $1,245.97 $153,581.72
Mar, 2026 17 $511.94 $734.03 $1,245.97 $152,847.69
Apr, 2026 18 $509.49 $736.48 $1,245.97 $152,111.21
May, 2026 19 $507.04 $738.93 $1,245.97 $151,372.28
Jun, 2026 20 $504.57 $741.40 $1,245.97 $150,630.88
Jul, 2026 21 $502.10 $743.87 $1,245.97 $149,887.02
Aug, 2026 22 $499.62 $746.35 $1,245.97 $149,140.67
Sep, 2026 23 $497.14 $748.83 $1,245.97 $148,391.84
Oct, 2026 24 $494.64 $751.33 $1,245.97 $147,640.51
Nov, 2026 25 $492.14 $753.83 $1,245.97 $146,886.67
Dec, 2026 26 $489.62 $756.35 $1,245.97 $146,130.32
Jan, 2027 27 $487.10 $758.87 $1,245.97 $145,371.46
Feb, 2027 28 $484.57 $761.40 $1,245.97 $144,610.06
Mar, 2027 29 $482.03 $763.94 $1,245.97 $143,846.12
Apr, 2027 30 $479.49 $766.48 $1,245.97 $143,079.64
May, 2027 31 $476.93 $769.04 $1,245.97 $142,310.60
Jun, 2027 32 $474.37 $771.60 $1,245.97 $141,539.00
Jul, 2027 33 $471.80 $774.17 $1,245.97 $140,764.83
Aug, 2027 34 $469.22 $776.75 $1,245.97 $139,988.07
Sep, 2027 35 $466.63 $779.34 $1,245.97 $139,208.73
Oct, 2027 36 $464.03 $781.94 $1,245.97 $138,426.79
Nov, 2027 37 $461.42 $784.55 $1,245.97 $137,642.24
Dec, 2027 38 $458.81 $787.16 $1,245.97 $136,855.08
Jan, 2028 39 $456.18 $789.79 $1,245.97 $136,065.29
Feb, 2028 40 $453.55 $792.42 $1,245.97 $135,272.88
Mar, 2028 41 $450.91 $795.06 $1,245.97 $134,477.82
Apr, 2028 42 $448.26 $797.71 $1,245.97 $133,680.11
May, 2028 43 $445.60 $800.37 $1,245.97 $132,879.74
Jun, 2028 44 $442.93 $803.04 $1,245.97 $132,076.70
Jul, 2028 45 $440.26 $805.71 $1,245.97 $131,270.99
Aug, 2028 46 $437.57 $808.40 $1,245.97 $130,462.59
Sep, 2028 47 $434.88 $811.09 $1,245.97 $129,651.49
Oct, 2028 48 $432.17 $813.80 $1,245.97 $128,837.69
Nov, 2028 49 $429.46 $816.51 $1,245.97 $128,021.18
Dec, 2028 50 $426.74 $819.23 $1,245.97 $127,201.95
Jan, 2029 51 $424.01 $821.96 $1,245.97 $126,379.99
Feb, 2029 52 $421.27 $824.70 $1,245.97 $125,555.28
Mar, 2029 53 $418.52 $827.45 $1,245.97 $124,727.83
Apr, 2029 54 $415.76 $830.21 $1,245.97 $123,897.62
May, 2029 55 $412.99 $832.98 $1,245.97 $123,064.64
Jun, 2029 56 $410.22 $835.75 $1,245.97 $122,228.89
Jul, 2029 57 $407.43 $838.54 $1,245.97 $121,390.35
Aug, 2029 58 $404.63 $841.34 $1,245.97 $120,549.01
Sep, 2029 59 $401.83 $844.14 $1,245.97 $119,704.87
Oct, 2029 60 $399.02 $846.95 $1,245.97 $118,857.92
Nov, 2029 61 $396.19 $849.78 $1,245.97 $118,008.14
Dec, 2029 62 $393.36 $852.61 $1,245.97 $117,155.54
Jan, 2030 63 $390.52 $855.45 $1,245.97 $116,300.08
Feb, 2030 64 $387.67 $858.30 $1,245.97 $115,441.78
Mar, 2030 65 $384.81 $861.16 $1,245.97 $114,580.62
Apr, 2030 66 $381.94 $864.03 $1,245.97 $113,716.58
May, 2030 67 $379.06 $866.91 $1,245.97 $112,849.67
Jun, 2030 68 $376.17 $869.80 $1,245.97 $111,979.86
Jul, 2030 69 $373.27 $872.70 $1,245.97 $111,107.16
Aug, 2030 70 $370.36 $875.61 $1,245.97 $110,231.55
Sep, 2030 71 $367.44 $878.53 $1,245.97 $109,353.02
Oct, 2030 72 $364.51 $881.46 $1,245.97 $108,471.56
Nov, 2030 73 $361.57 $884.40 $1,245.97 $107,587.16
Dec, 2030 74 $358.62 $887.35 $1,245.97 $106,699.81
Jan, 2031 75 $355.67 $890.30 $1,245.97 $105,809.51
Feb, 2031 76 $352.70 $893.27 $1,245.97 $104,916.24
Mar, 2031 77 $349.72 $896.25 $1,245.97 $104,019.99
Apr, 2031 78 $346.73 $899.24 $1,245.97 $103,120.75
May, 2031 79 $343.74 $902.23 $1,245.97 $102,218.52
Jun, 2031 80 $340.73 $905.24 $1,245.97 $101,313.28
Jul, 2031 81 $337.71 $908.26 $1,245.97 $100,405.02
Aug, 2031 82 $334.68 $911.29 $1,245.97 $99,493.73
Sep, 2031 83 $331.65 $914.32 $1,245.97 $98,579.41
Oct, 2031 84 $328.60 $917.37 $1,245.97 $97,662.04
Nov, 2031 85 $325.54 $920.43 $1,245.97 $96,741.61
Dec, 2031 86 $322.47 $923.50 $1,245.97 $95,818.11
Jan, 2032 87 $319.39 $926.58 $1,245.97 $94,891.54
Feb, 2032 88 $316.31 $929.66 $1,245.97 $93,961.87
Mar, 2032 89 $313.21 $932.76 $1,245.97 $93,029.11
Apr, 2032 90 $310.10 $935.87 $1,245.97 $92,093.23
May, 2032 91 $306.98 $938.99 $1,245.97 $91,154.24
Jun, 2032 92 $303.85 $942.12 $1,245.97 $90,212.12
Jul, 2032 93 $300.71 $945.26 $1,245.97 $89,266.86
Aug, 2032 94 $297.56 $948.41 $1,245.97 $88,318.44
Sep, 2032 95 $294.39 $951.57 $1,245.97 $87,366.87
Oct, 2032 96 $291.22 $954.75 $1,245.97 $86,412.12
Nov, 2032 97 $288.04 $957.93 $1,245.97 $85,454.19
Dec, 2032 98 $284.85 $961.12 $1,245.97 $84,493.07
Jan, 2033 99 $281.64 $964.33 $1,245.97 $83,528.74
Feb, 2033 100 $278.43 $967.54 $1,245.97 $82,561.20
Mar, 2033 101 $275.20 $970.77 $1,245.97 $81,590.44
Apr, 2033 102 $271.97 $974.00 $1,245.97 $80,616.44
May, 2033 103 $268.72 $977.25 $1,245.97 $79,639.19
Jun, 2033 104 $265.46 $980.51 $1,245.97 $78,658.68
Jul, 2033 105 $262.20 $983.77 $1,245.97 $77,674.91
Aug, 2033 106 $258.92 $987.05 $1,245.97 $76,687.86
Sep, 2033 107 $255.63 $990.34 $1,245.97 $75,697.51
Oct, 2033 108 $252.33 $993.64 $1,245.97 $74,703.87
Nov, 2033 109 $249.01 $996.96 $1,245.97 $73,706.91
Dec, 2033 110 $245.69 $1,000.28 $1,245.97 $72,706.63
Jan, 2034 111 $242.36 $1,003.61 $1,245.97 $71,703.02
Feb, 2034 112 $239.01 $1,006.96 $1,245.97 $70,696.06
Mar, 2034 113 $235.65 $1,010.32 $1,245.97 $69,685.74
Apr, 2034 114 $232.29 $1,013.68 $1,245.97 $68,672.06
May, 2034 115 $228.91 $1,017.06 $1,245.97 $67,654.99
Jun, 2034 116 $225.52 $1,020.45 $1,245.97 $66,634.54
Jul, 2034 117 $222.12 $1,023.85 $1,245.97 $65,610.69
Aug, 2034 118 $218.70 $1,027.27 $1,245.97 $64,583.42
Sep, 2034 119 $215.28 $1,030.69 $1,245.97 $63,552.73
Oct, 2034 120 $211.84 $1,034.13 $1,245.97 $62,518.60
Nov, 2034 121 $208.40 $1,037.57 $1,245.97 $61,481.03
Dec, 2034 122 $204.94 $1,041.03 $1,245.97 $60,439.99
Jan, 2035 123 $201.47 $1,044.50 $1,245.97 $59,395.49
Feb, 2035 124 $197.98 $1,047.98 $1,245.97 $58,347.50
Mar, 2035 125 $194.49 $1,051.48 $1,245.97 $57,296.03
Apr, 2035 126 $190.99 $1,054.98 $1,245.97 $56,241.04
May, 2035 127 $187.47 $1,058.50 $1,245.97 $55,182.54
Jun, 2035 128 $183.94 $1,062.03 $1,245.97 $54,120.52
Jul, 2035 129 $180.40 $1,065.57 $1,245.97 $53,054.95
Aug, 2035 130 $176.85 $1,069.12 $1,245.97 $51,985.83
Sep, 2035 131 $173.29 $1,072.68 $1,245.97 $50,913.15
Oct, 2035 132 $169.71 $1,076.26 $1,245.97 $49,836.89
Nov, 2035 133 $166.12 $1,079.85 $1,245.97 $48,757.04
Dec, 2035 134 $162.52 $1,083.45 $1,245.97 $47,673.59
Jan, 2036 135 $158.91 $1,087.06 $1,245.97 $46,586.54
Feb, 2036 136 $155.29 $1,090.68 $1,245.97 $45,495.85
Mar, 2036 137 $151.65 $1,094.32 $1,245.97 $44,401.54
Apr, 2036 138 $148.01 $1,097.96 $1,245.97 $43,303.57
May, 2036 139 $144.35 $1,101.62 $1,245.97 $42,201.95
Jun, 2036 140 $140.67 $1,105.30 $1,245.97 $41,096.65
Jul, 2036 141 $136.99 $1,108.98 $1,245.97 $39,987.67
Aug, 2036 142 $133.29 $1,112.68 $1,245.97 $38,874.99
Sep, 2036 143 $129.58 $1,116.39 $1,245.97 $37,758.61
Oct, 2036 144 $125.86 $1,120.11 $1,245.97 $36,638.50
Nov, 2036 145 $122.13 $1,123.84 $1,245.97 $35,514.66
Dec, 2036 146 $118.38 $1,127.59 $1,245.97 $34,387.07
Jan, 2037 147 $114.62 $1,131.35 $1,245.97 $33,255.72
Feb, 2037 148 $110.85 $1,135.12 $1,245.97 $32,120.61
Mar, 2037 149 $107.07 $1,138.90 $1,245.97 $30,981.71
Apr, 2037 150 $103.27 $1,142.70 $1,245.97 $29,839.01
May, 2037 151 $99.46 $1,146.51 $1,245.97 $28,692.50
Jun, 2037 152 $95.64 $1,150.33 $1,245.97 $27,542.17
Jul, 2037 153 $91.81 $1,154.16 $1,245.97 $26,388.01
Aug, 2037 154 $87.96 $1,158.01 $1,245.97 $25,230.00
Sep, 2037 155 $84.10 $1,161.87 $1,245.97 $24,068.13
Oct, 2037 156 $80.23 $1,165.74 $1,245.97 $22,902.39
Nov, 2037 157 $76.34 $1,169.63 $1,245.97 $21,732.76
Dec, 2037 158 $72.44 $1,173.53 $1,245.97 $20,559.23
Jan, 2038 159 $68.53 $1,177.44 $1,245.97 $19,381.80
Feb, 2038 160 $64.61 $1,181.36 $1,245.97 $18,200.43
Mar, 2038 161 $60.67 $1,185.30 $1,245.97 $17,015.13
Apr, 2038 162 $56.72 $1,189.25 $1,245.97 $15,825.88
May, 2038 163 $52.75 $1,193.22 $1,245.97 $14,632.66
Jun, 2038 164 $48.78 $1,197.19 $1,245.97 $13,435.47
Jul, 2038 165 $44.78 $1,201.18 $1,245.97 $12,234.28
Aug, 2038 166 $40.78 $1,205.19 $1,245.97 $11,029.09
Sep, 2038 167 $36.76 $1,209.21 $1,245.97 $9,819.89
Oct, 2038 168 $32.73 $1,213.24 $1,245.97 $8,606.65
Nov, 2038 169 $28.69 $1,217.28 $1,245.97 $7,389.37
Dec, 2038 170 $24.63 $1,221.34 $1,245.97 $6,168.03
Jan, 2039 171 $20.56 $1,225.41 $1,245.97 $4,942.62
Feb, 2039 172 $16.48 $1,229.49 $1,245.97 $3,713.13
Mar, 2039 173 $12.38 $1,233.59 $1,245.97 $2,479.53
Apr, 2039 174 $8.27 $1,237.70 $1,245.97 $1,241.83
May, 2039 175 $4.14 $1,241.83 $1,245.97 $0.00
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