RecastMyMortgage exists for one simple reason:
most homeowners hear about “mortgage recasting” once, get confused, and then give up or just keep overpaying without a clear plan.
We wanted to fix that with one clean calculator and a handful of clear guides – nothing more.
What this site is (and isn’t)
What we are:
- A simple, independent resource focused on mortgage recasting
- A free mortgahttps://www.recastmymortgage.com/ge recast calculator with a full amortization schedule
- Plain-English explanations of when recasting makes sense, and when it doesn’t
- Example scenarios so you can see how recasting might work in real life
What we are not:
- We are not a lender, mortgage broker, bank, or financial advisor
- We do not sell loans, refinance offers, or take applications
- We don’t tell you what you should do – we help you run the numbers so you can ask better questions to your lender or advisor
Our goal is to make recasting understandable enough that you can have an informed, calm conversation with your loan servicer instead of guessing.
Why focus only on mortgage recasting?
There are thousands of sites covering mortgages, refinancing, and generic “money tips”.
Most of them mention recasting in one paragraph and move on.
But recasting is a very specific decision:
- You already have a mortgage
- You have (or expect) a lump sum – bonus, inheritance, home sale, stock vest, etc.
- You like your existing interest rate and don’t necessarily want to refinance
- You just want to know:
“If I throw this much at my principal, what really happens to my payment and interest?”
That’s a narrow, but important, question.
RecastMyMortgage is built to answer exactly that, without distraction.
How the calculator is designed
The Mortgage Recast Calculator & Amortization Schedule is built around three principles:
- Clarity over complexity
You only enter the few numbers that actually matter: balance, rate, remaining term, lump sum, fee, and any extra payment. We show you before vs after in plain language. - Full picture, not just a payment
We don’t stop at “here’s your new payment”.
You also see:- Total interest before vs after recast
- Interest saved
- Time saved if you keep paying the old amount
- A full amortization schedule you can download and review
- No hidden agenda
We’re not trying to push you toward a refinance or any specific product.
The calculator is there to help you talk to your lender with real numbers in hand.
How you should use this site
Think of RecastMyMortgage as a prep tool before you call your lender.
- Use the calculator on the homepage to model a few “what if” scenarios.
- Read the guides in our blog to understand:
- How recasting works
- How it compares to refinancing
- How it compares to just making extra principal payments
- Then speak to your lender or financial advisor with a clear idea of:
- The payment you’re aiming for
- The lump sum you’re comfortable parting with
- The questions you need answered (fees, eligibility, minimum amounts, etc.)
A quick but important disclaimer
All results on this site are estimates based on the numbers you enter and standard amortization formulas.
- Your actual recast terms, eligibility, fees, and payment will always be determined by your lender/loan servicer.
- Nothing on this site is personal financial advice.
- Before making any large financial decision, you should speak with your lender, and if needed, a qualified financial or tax professional.