Mortgage Reamortization Calculator

See exactly how much a lump-sum principal payment lowers your monthly payment and total interest — without refinancing, a credit check, or closing costs.

Loan Details
Original Loan optional — enter both fields for accurate current payment display
$
The amount you originally borrowed
yrs
mo
Your loan's original length
Current Loan & Recast
$
Your remaining principal balance today
%
Your current mortgage rate (not APR)
yrs
mo
Years and months left on your loan
$
Extra principal you plan to pay at recast
$
Used to calculate loan-to-value ratio
$
Your current monthly PMI charge
✓ PMI eliminated after recast — saving an additional /month!
Current Payment
—
/ month
New Payment
—
/ month after recast
Monthly Savings
—
saved every month
Total Interest Saved
—
over remaining term
Before vs. After Comparison
Detail Before Recast After Recast Savings
Remaining Balance Over Time
Before recast After recast
Year-by-Year Schedule
Year Before: Balance Before: Interest After: Balance After: Interest Interest Saved
Month-by-Month Schedule — After Recast

* Results are estimates for informational purposes. Reamortization policies, fees, and eligibility vary by lender — typically requires a lump-sum payment (often ≥$5,000–10,000) and a small processing fee ($150–500). Consult your lender before making any financial decisions.