Mortgage Calculator
Compare scenarios and visualize your mortgage payoff journey
Additional Monthly Costs
No recasts added
No one-time payments added
P&I Payment
$2,958.08
Total Monthly
$2,958.08
Payoff Time
30.0 years
January 2052
Total Interest
$596,908.21
Scenario Comparison
Total Cost Comparison
Payoff Timeline
Balance Over Time
Amortization Schedule
Results are estimates. Consult with a financial advisor for personalized advice.
What is a mortgage recast? A recast allows you to make a large lump sum payment toward your principal and have your lender recalculate your monthly payment based on the new lower balance. Unlike refinancing, you keep the same interest rate and loan term. Most lenders charge a recast fee (typically $250-$500) and require a minimum payment (often $5,000-$10,000). You can recast multiple times throughout your loan term. This is different from a one-time payment, which reduces your principal but doesn't change your monthly payment amount.