New payment after a lump sum, re-amortized.
We Are Calculator
Professional Financial Tools
8/25/2026
Unpaid principal balance from your latest statement — not your original loan amount.
A recast keeps this rate. It never changes.
A recast keeps your original payoff date. Term never changes.
Most servicers require a $10,000 minimum.
Typically $150–$500. Some servicers charge nothing.
Extra principal you'll keep paying every month after the recast.
A recast does not change escrow. Included only to show your full payment.
Re-amortized over your remaining 25 years at 5.875%
Principal & interest only — escrow is unchanged by a recast
Recast lowers your balance, so you pay less interest overall
Extra interest you pay to get the lower payment. Same lump sum WITHOUT recasting saves more and pays off 7 yr 0 mo sooner.
One-time servicer admin fee, typically $150–$500
Term is unchanged by a recast
Keep paying your current payment on the smaller balance
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1324 | $427 | $270013 |
| 2 | $1298 | $453 | $264725 |
| 3 | $1271 | $480 | $259117 |
| 4 | $1242 | $509 | $253172 |
| 5 | $1211 | $540 | $246867 |
| 6 | $1179 | $572 | $240182 |
| 7 | $1144 | $607 | $233093 |
| 8 | $1108 | $643 | $225577 |
| 9 | $1069 | $682 | $217606 |
| 10 | $1028 | $723 | $209155 |
| 11 | $984 | $767 | $200194 |
| 12 | $938 | $813 | $190691 |
| 13 | $888 | $862 | $180616 |
| 14 | $836 | $914 | $169932 |
| 15 | $781 | $970 | $158603 |
| 16 | $723 | $1028 | $146590 |
| 17 | $661 | $1090 | $133852 |
| 18 | $595 | $1156 | $120346 |
| 19 | $525 | $1226 | $106024 |
| 20 | $451 | $1300 | $90838 |
| 21 | $373 | $1378 | $74735 |
| 22 | $289 | $1461 | $57660 |
| 23 | $201 | $1550 | $39555 |
| 24 | $108 | $1643 | $20357 |
| 25 | $9 | $1742 | $0 |
| Period | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1346 | $405 | $274595 |
| 22 | $1303 | $448 | $265628 |
| 43 | $1254 | $497 | $255691 |
| 64 | $1201 | $550 | $244682 |
| 85 | $1141 | $610 | $232483 |
| 106 | $1075 | $676 | $218967 |
| 127 | $1002 | $749 | $203992 |
| 148 | $922 | $829 | $187398 |
| 169 | $832 | $919 | $169013 |
| 190 | $733 | $1018 | $148641 |
| 211 | $623 | $1128 | $126070 |
| 232 | $501 | $1250 | $101061 |
| 253 | $366 | $1385 | $73350 |
| 274 | $216 | $1535 | $42647 |
| 300 | $9 | $1742 | $0 |