| Home | Mortgage Calculator | Extra Payments | Biweekly | Payoff | Interest Only | ARM | Discount Points | Commercial |
Mortgage Recast Calculator is a tool to help homeowners calculate their monthly payments and how much interest payments they can save after they recast their mortgages.
Mortgage Recast Results |
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Recast Mortgage Balance: |
$125,000.00 | |||||
Monthly Payment: |
$1,023.90 | |||||
Total # Of Payments: |
157 | |||||
Start Date: |
May, 2023 | |||||
Payoff Date: |
May, 2036 | |||||
Total Interest Paid: |
$35,751.83 | |||||
Total Payment: |
$160,751.83 | |||||
Original Mortgage Vs. Mortgage Recast |
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| Comparison | Original | Recast | ||||
|---|---|---|---|---|---|---|
| Monthly Payment | $1,315.43 | $1,023.90 | ||||
| Total Interest | $45,525.80 | $35,751.83 | ||||
| Fees | $0 | $550 | ||||
| Savings | $0 | $9,223.97 | ||||
Mortgage Recast Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
| May, 2023 | 1 | $416.67 | $607.23 | $1,023.90 | $124,392.77 | |
| Jun, 2023 | 2 | $414.64 | $609.25 | $1,023.90 | $123,783.52 | |
| Jul, 2023 | 3 | $412.61 | $611.29 | $1,023.90 | $123,172.23 | |
| Aug, 2023 | 4 | $410.57 | $613.32 | $1,023.90 | $122,558.91 | |
| Sep, 2023 | 5 | $408.53 | $615.37 | $1,023.90 | $121,943.54 | |
| Oct, 2023 | 6 | $406.48 | $617.42 | $1,023.90 | $121,326.12 | |
| Nov, 2023 | 7 | $404.42 | $619.48 | $1,023.90 | $120,706.64 | |
| Dec, 2023 | 8 | $402.36 | $621.54 | $1,023.90 | $120,085.10 | |
| Jan, 2024 | 9 | $400.28 | $623.61 | $1,023.90 | $119,461.49 | |
| Feb, 2024 | 10 | $398.20 | $625.69 | $1,023.90 | $118,835.80 | |
| Mar, 2024 | 11 | $396.12 | $627.78 | $1,023.90 | $118,208.02 | |
| Apr, 2024 | 12 | $394.03 | $629.87 | $1,023.90 | $117,578.15 | |
| May, 2024 | 13 | $391.93 | $631.97 | $1,023.90 | $116,946.18 | |
| Jun, 2024 | 14 | $389.82 | $634.08 | $1,023.90 | $116,312.10 | |
| Jul, 2024 | 15 | $387.71 | $636.19 | $1,023.90 | $115,675.91 | |
| Aug, 2024 | 16 | $385.59 | $638.31 | $1,023.90 | $115,037.60 | |
| Sep, 2024 | 17 | $383.46 | $640.44 | $1,023.90 | $114,397.16 | |
| Oct, 2024 | 18 | $381.32 | $642.57 | $1,023.90 | $113,754.59 | |
| Nov, 2024 | 19 | $379.18 | $644.72 | $1,023.90 | $113,109.88 | |
| Dec, 2024 | 20 | $377.03 | $646.86 | $1,023.90 | $112,463.01 | |
| Jan, 2025 | 21 | $374.88 | $649.02 | $1,023.90 | $111,813.99 | |
| Feb, 2025 | 22 | $372.71 | $651.18 | $1,023.90 | $111,162.81 | |
| Mar, 2025 | 23 | $370.54 | $653.35 | $1,023.90 | $110,509.45 | |
| Apr, 2025 | 24 | $368.36 | $655.53 | $1,023.90 | $109,853.92 | |
| May, 2025 | 25 | $366.18 | $657.72 | $1,023.90 | $109,196.21 | |
| Jun, 2025 | 26 | $363.99 | $659.91 | $1,023.90 | $108,536.30 | |
| Jul, 2025 | 27 | $361.79 | $662.11 | $1,023.90 | $107,874.19 | |
| Aug, 2025 | 28 | $359.58 | $664.32 | $1,023.90 | $107,209.87 | |
| Sep, 2025 | 29 | $357.37 | $666.53 | $1,023.90 | $106,543.34 | |
| Oct, 2025 | 30 | $355.14 | $668.75 | $1,023.90 | $105,874.59 | |
| Nov, 2025 | 31 | $352.92 | $670.98 | $1,023.90 | $105,203.60 | |
| Dec, 2025 | 32 | $350.68 | $673.22 | $1,023.90 | $104,530.39 | |
| Jan, 2026 | 33 | $348.43 | $675.46 | $1,023.90 | $103,854.92 | |
| Feb, 2026 | 34 | $346.18 | $677.71 | $1,023.90 | $103,177.21 | |
| Mar, 2026 | 35 | $343.92 | $679.97 | $1,023.90 | $102,497.24 | |
| Apr, 2026 | 36 | $341.66 | $682.24 | $1,023.90 | $101,815.00 | |
| May, 2026 | 37 | $339.38 | $684.51 | $1,023.90 | $101,130.48 | |
| Jun, 2026 | 38 | $337.10 | $686.80 | $1,023.90 | $100,443.69 | |
| Jul, 2026 | 39 | $334.81 | $689.08 | $1,023.90 | $99,754.60 | |
| Aug, 2026 | 40 | $332.52 | $691.38 | $1,023.90 | $99,063.22 | |
| Sep, 2026 | 41 | $330.21 | $693.69 | $1,023.90 | $98,369.54 | |
| Oct, 2026 | 42 | $327.90 | $696.00 | $1,023.90 | $97,673.54 | |
| Nov, 2026 | 43 | $325.58 | $698.32 | $1,023.90 | $96,975.22 | |
| Dec, 2026 | 44 | $323.25 | $700.65 | $1,023.90 | $96,274.57 | |
| Jan, 2027 | 45 | $320.92 | $702.98 | $1,023.90 | $95,571.59 | |
| Feb, 2027 | 46 | $318.57 | $705.33 | $1,023.90 | $94,866.27 | |
| Mar, 2027 | 47 | $316.22 | $707.68 | $1,023.90 | $94,158.59 | |
| Apr, 2027 | 48 | $313.86 | $710.04 | $1,023.90 | $93,448.56 | |
| May, 2027 | 49 | $311.50 | $712.40 | $1,023.90 | $92,736.15 | |
| Jun, 2027 | 50 | $309.12 | $714.78 | $1,023.90 | $92,021.38 | |
| Jul, 2027 | 51 | $306.74 | $717.16 | $1,023.90 | $91,304.22 | |
| Aug, 2027 | 52 | $304.35 | $719.55 | $1,023.90 | $90,584.67 | |
| Sep, 2027 | 53 | $301.95 | $721.95 | $1,023.90 | $89,862.72 | |
| Oct, 2027 | 54 | $299.54 | $724.35 | $1,023.90 | $89,138.37 | |
| Nov, 2027 | 55 | $297.13 | $726.77 | $1,023.90 | $88,411.60 | |
| Dec, 2027 | 56 | $294.71 | $729.19 | $1,023.90 | $87,682.40 | |
| Jan, 2028 | 57 | $292.27 | $731.62 | $1,023.90 | $86,950.78 | |
| Feb, 2028 | 58 | $289.84 | $734.06 | $1,023.90 | $86,216.72 | |
| Mar, 2028 | 59 | $287.39 | $736.51 | $1,023.90 | $85,480.21 | |
| Apr, 2028 | 60 | $284.93 | $738.96 | $1,023.90 | $84,741.25 | |
| May, 2028 | 61 | $282.47 | $741.43 | $1,023.90 | $83,999.82 | |
| Jun, 2028 | 62 | $280.00 | $743.90 | $1,023.90 | $83,255.93 | |
| Jul, 2028 | 63 | $277.52 | $746.38 | $1,023.90 | $82,509.55 | |
| Aug, 2028 | 64 | $275.03 | $748.87 | $1,023.90 | $81,760.68 | |
| Sep, 2028 | 65 | $272.54 | $751.36 | $1,023.90 | $81,009.32 | |
| Oct, 2028 | 66 | $270.03 | $753.87 | $1,023.90 | $80,255.46 | |
| Nov, 2028 | 67 | $267.52 | $756.38 | $1,023.90 | $79,499.08 | |
| Dec, 2028 | 68 | $265.00 | $758.90 | $1,023.90 | $78,740.18 | |
| Jan, 2029 | 69 | $262.47 | $761.43 | $1,023.90 | $77,978.75 | |
| Feb, 2029 | 70 | $259.93 | $763.97 | $1,023.90 | $77,214.78 | |
| Mar, 2029 | 71 | $257.38 | $766.51 | $1,023.90 | $76,448.27 | |
| Apr, 2029 | 72 | $254.83 | $769.07 | $1,023.90 | $75,679.20 | |
| May, 2029 | 73 | $252.26 | $771.63 | $1,023.90 | $74,907.56 | |
| Jun, 2029 | 74 | $249.69 | $774.21 | $1,023.90 | $74,133.36 | |
| Jul, 2029 | 75 | $247.11 | $776.79 | $1,023.90 | $73,356.57 | |
| Aug, 2029 | 76 | $244.52 | $779.38 | $1,023.90 | $72,577.20 | |
| Sep, 2029 | 77 | $241.92 | $781.97 | $1,023.90 | $71,795.22 | |
| Oct, 2029 | 78 | $239.32 | $784.58 | $1,023.90 | $71,010.65 | |
| Nov, 2029 | 79 | $236.70 | $787.19 | $1,023.90 | $70,223.45 | |
| Dec, 2029 | 80 | $234.08 | $789.82 | $1,023.90 | $69,433.63 | |
| Jan, 2030 | 81 | $231.45 | $792.45 | $1,023.90 | $68,641.18 | |
| Feb, 2030 | 82 | $228.80 | $795.09 | $1,023.90 | $67,846.09 | |
| Mar, 2030 | 83 | $226.15 | $797.74 | $1,023.90 | $67,048.34 | |
| Apr, 2030 | 84 | $223.49 | $800.40 | $1,023.90 | $66,247.94 | |
| May, 2030 | 85 | $220.83 | $803.07 | $1,023.90 | $65,444.87 | |
| Jun, 2030 | 86 | $218.15 | $805.75 | $1,023.90 | $64,639.12 | |
| Jul, 2030 | 87 | $215.46 | $808.43 | $1,023.90 | $63,830.69 | |
| Aug, 2030 | 88 | $212.77 | $811.13 | $1,023.90 | $63,019.56 | |
| Sep, 2030 | 89 | $210.07 | $813.83 | $1,023.90 | $62,205.73 | |
| Oct, 2030 | 90 | $207.35 | $816.54 | $1,023.90 | $61,389.19 | |
| Nov, 2030 | 91 | $204.63 | $819.27 | $1,023.90 | $60,569.92 | |
| Dec, 2030 | 92 | $201.90 | $822.00 | $1,023.90 | $59,747.92 | |
| Jan, 2031 | 93 | $199.16 | $824.74 | $1,023.90 | $58,923.18 | |
| Feb, 2031 | 94 | $196.41 | $827.49 | $1,023.90 | $58,095.70 | |
| Mar, 2031 | 95 | $193.65 | $830.24 | $1,023.90 | $57,265.45 | |
| Apr, 2031 | 96 | $190.88 | $833.01 | $1,023.90 | $56,432.44 | |
| May, 2031 | 97 | $188.11 | $835.79 | $1,023.90 | $55,596.65 | |
| Jun, 2031 | 98 | $185.32 | $838.57 | $1,023.90 | $54,758.08 | |
| Jul, 2031 | 99 | $182.53 | $841.37 | $1,023.90 | $53,916.71 | |
| Aug, 2031 | 100 | $179.72 | $844.17 | $1,023.90 | $53,072.53 | |
| Sep, 2031 | 101 | $176.91 | $846.99 | $1,023.90 | $52,225.54 | |
| Oct, 2031 | 102 | $174.09 | $849.81 | $1,023.90 | $51,375.73 | |
| Nov, 2031 | 103 | $171.25 | $852.64 | $1,023.90 | $50,523.09 | |
| Dec, 2031 | 104 | $168.41 | $855.49 | $1,023.90 | $49,667.60 | |
| Jan, 2032 | 105 | $165.56 | $858.34 | $1,023.90 | $48,809.26 | |
| Feb, 2032 | 106 | $162.70 | $861.20 | $1,023.90 | $47,948.06 | |
| Mar, 2032 | 107 | $159.83 | $864.07 | $1,023.90 | $47,083.99 | |
| Apr, 2032 | 108 | $156.95 | $866.95 | $1,023.90 | $46,217.04 | |
| May, 2032 | 109 | $154.06 | $869.84 | $1,023.90 | $45,347.20 | |
| Jun, 2032 | 110 | $151.16 | $872.74 | $1,023.90 | $44,474.46 | |
| Jul, 2032 | 111 | $148.25 | $875.65 | $1,023.90 | $43,598.82 | |
| Aug, 2032 | 112 | $145.33 | $878.57 | $1,023.90 | $42,720.25 | |
| Sep, 2032 | 113 | $142.40 | $881.50 | $1,023.90 | $41,838.75 | |
| Oct, 2032 | 114 | $139.46 | $884.43 | $1,023.90 | $40,954.32 | |
| Nov, 2032 | 115 | $136.51 | $887.38 | $1,023.90 | $40,066.93 | |
| Dec, 2032 | 116 | $133.56 | $890.34 | $1,023.90 | $39,176.59 | |
| Jan, 2033 | 117 | $130.59 | $893.31 | $1,023.90 | $38,283.29 | |
| Feb, 2033 | 118 | $127.61 | $896.29 | $1,023.90 | $37,387.00 | |
| Mar, 2033 | 119 | $124.62 | $899.27 | $1,023.90 | $36,487.73 | |
| Apr, 2033 | 120 | $121.63 | $902.27 | $1,023.90 | $35,585.45 | |
| May, 2033 | 121 | $118.62 | $905.28 | $1,023.90 | $34,680.18 | |
| Jun, 2033 | 122 | $115.60 | $908.30 | $1,023.90 | $33,771.88 | |
| Jul, 2033 | 123 | $112.57 | $911.32 | $1,023.90 | $32,860.56 | |
| Aug, 2033 | 124 | $109.54 | $914.36 | $1,023.90 | $31,946.19 | |
| Sep, 2033 | 125 | $106.49 | $917.41 | $1,023.90 | $31,028.78 | |
| Oct, 2033 | 126 | $103.43 | $920.47 | $1,023.90 | $30,108.32 | |
| Nov, 2033 | 127 | $100.36 | $923.54 | $1,023.90 | $29,184.78 | |
| Dec, 2033 | 128 | $97.28 | $926.61 | $1,023.90 | $28,258.17 | |
| Jan, 2034 | 129 | $94.19 | $929.70 | $1,023.90 | $27,328.46 | |
| Feb, 2034 | 130 | $91.09 | $932.80 | $1,023.90 | $26,395.66 | |
| Mar, 2034 | 131 | $87.99 | $935.91 | $1,023.90 | $25,459.75 | |
| Apr, 2034 | 132 | $84.87 | $939.03 | $1,023.90 | $24,520.72 | |
| May, 2034 | 133 | $81.74 | $942.16 | $1,023.90 | $23,578.56 | |
| Jun, 2034 | 134 | $78.60 | $945.30 | $1,023.90 | $22,633.25 | |
| Jul, 2034 | 135 | $75.44 | $948.45 | $1,023.90 | $21,684.80 | |
| Aug, 2034 | 136 | $72.28 | $951.61 | $1,023.90 | $20,733.19 | |
| Sep, 2034 | 137 | $69.11 | $954.79 | $1,023.90 | $19,778.40 | |
| Oct, 2034 | 138 | $65.93 | $957.97 | $1,023.90 | $18,820.43 | |
| Nov, 2034 | 139 | $62.73 | $961.16 | $1,023.90 | $17,859.27 | |
| Dec, 2034 | 140 | $59.53 | $964.37 | $1,023.90 | $16,894.90 | |
| Jan, 2035 | 141 | $56.32 | $967.58 | $1,023.90 | $15,927.32 | |
| Feb, 2035 | 142 | $53.09 | $970.81 | $1,023.90 | $14,956.52 | |
| Mar, 2035 | 143 | $49.86 | $974.04 | $1,023.90 | $13,982.48 | |
| Apr, 2035 | 144 | $46.61 | $977.29 | $1,023.90 | $13,005.19 | |
| May, 2035 | 145 | $43.35 | $980.55 | $1,023.90 | $12,024.64 | |
| Jun, 2035 | 146 | $40.08 | $983.81 | $1,023.90 | $11,040.83 | |
| Jul, 2035 | 147 | $36.80 | $987.09 | $1,023.90 | $10,053.73 | |
| Aug, 2035 | 148 | $33.51 | $990.38 | $1,023.90 | $9,063.35 | |
| Sep, 2035 | 149 | $30.21 | $993.69 | $1,023.90 | $8,069.66 | |
| Oct, 2035 | 150 | $26.90 | $997.00 | $1,023.90 | $7,072.66 | |
| Nov, 2035 | 151 | $23.58 | $1,000.32 | $1,023.90 | $6,072.34 | |
| Dec, 2035 | 152 | $20.24 | $1,003.66 | $1,023.90 | $5,068.69 | |
| Jan, 2036 | 153 | $16.90 | $1,007.00 | $1,023.90 | $4,061.68 | |
| Feb, 2036 | 154 | $13.54 | $1,010.36 | $1,023.90 | $3,051.33 | |
| Mar, 2036 | 155 | $10.17 | $1,013.73 | $1,023.90 | $2,037.60 | |
| Apr, 2036 | 156 | $6.79 | $1,017.10 | $1,023.90 | $1,020.50 | |
| May, 2036 | 157 | $3.40 | $1,020.50 | $1,023.90 | $0.00 | |
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