Free Mortgage Recast Calculator
Estimate the payment reduction after applying a lump sum and recasting a fixed-rate mortgage.
Mortgage Recast Calculator
Enter a value to begin.
How to use this mortgage recast calculator
- Enter the current balance, proposed lump sum, unchanged rate and remaining payment count.
- Check the inputs and preview, then use the primary action.
- Download, copy or use the result shown by the tool.
How the result is calculated
The fixed-payment formula is applied before and after subtracting the lump sum. Eligibility, fees and lender-specific recast rules are excluded.
All calculation and transformation work happens in this browser tab. No entered value is sent to an Noler Tools application server.
Important limitations
Results are provided for convenience and should be checked independently before an important decision. A format or checksum result never authenticates an identity, document, account, licence, vehicle or registration.
Frequently asked questions
Is this mortgage recast calculator free?
Yes. It is free to use and does not require an account.
Does Noler Tools save my input?
No. The input and result remain in temporary browser memory and are not uploaded or saved by this site.