A recast lowers your payment but keeps your original payoff date. Three numbers is enough to tell you which is cheaper.
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Interest you would still pay
| Do nothing | Recast | Pay down, no recast | |
|---|---|---|---|
| Monthly payment | — | — | — |
| Interest left | — | — | — |
| Paid off | — | — | — |
| Cash you keep monthly | $0 | — | $0 |
| Year | Principal | Interest | Balance |
|---|
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Take it with you
A printable breakdown with all three scenarios, the full schedule, and the questions to ask your servicer before you send the money.
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Estimates based on the numbers you enter. Not financial advice and not a commitment from any lender. Recast eligibility, minimum lump sum, and fees are set by your servicer and vary by loan type — FHA, VA, and USDA loans generally cannot be recast. Confirm with your servicer before paying.