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Recasting $100,000 Mortgage Calculator is used to calculate whether or not it is worth recasting your $100K mortgage.
Mortgage Recast Results |
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Recast Mortgage Balance: |
$54,550.00 | |||||
Monthly Payment: |
$958.69 | |||||
Total # Of Payments: |
69 | |||||
Start Date: |
May, 2024 | |||||
Payoff Date: |
Jan, 2030 | |||||
Total Interest Paid: |
$11,599.91 | |||||
Total Payment: |
$66,149.91 | |||||
Original Mortgage Vs. Mortgage Recast |
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| Comparison | Original | Recast | ||||
|---|---|---|---|---|---|---|
| Monthly Payment | $1,775.25 | $958.69 | ||||
| Total Interest | $20,993.03 | $11,599.91 | ||||
| Fees | $0 | $650 | ||||
| Savings | $0 | $8,743.12 | ||||
Mortgage Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
| May, 2024 | 1 | $311.39 | $647.30 | $958.69 | $53,902.70 | |
| Jun, 2024 | 2 | $307.69 | $651.00 | $958.69 | $53,251.70 | |
| Jul, 2024 | 3 | $303.98 | $654.72 | $958.69 | $52,596.98 | |
| Aug, 2024 | 4 | $300.24 | $658.45 | $958.69 | $51,938.53 | |
| Sep, 2024 | 5 | $296.48 | $662.21 | $958.69 | $51,276.31 | |
| Oct, 2024 | 6 | $292.70 | $665.99 | $958.69 | $50,610.32 | |
| Nov, 2024 | 7 | $288.90 | $669.79 | $958.69 | $49,940.53 | |
| Dec, 2024 | 8 | $285.08 | $673.62 | $958.69 | $49,266.91 | |
| Jan, 2025 | 9 | $281.23 | $677.46 | $958.69 | $48,589.45 | |
| Feb, 2025 | 10 | $277.36 | $681.33 | $958.69 | $47,908.12 | |
| Mar, 2025 | 11 | $273.48 | $685.22 | $958.69 | $47,222.90 | |
| Apr, 2025 | 12 | $269.56 | $689.13 | $958.69 | $46,533.77 | |
| May, 2025 | 13 | $265.63 | $693.06 | $958.69 | $45,840.71 | |
| Jun, 2025 | 14 | $261.67 | $697.02 | $958.69 | $45,143.69 | |
| Jul, 2025 | 15 | $257.70 | $701.00 | $958.69 | $44,442.69 | |
| Aug, 2025 | 16 | $253.69 | $705.00 | $958.69 | $43,737.69 | |
| Sep, 2025 | 17 | $249.67 | $709.03 | $958.69 | $43,028.66 | |
| Oct, 2025 | 18 | $245.62 | $713.07 | $958.69 | $42,315.59 | |
| Nov, 2025 | 19 | $241.55 | $717.14 | $958.69 | $41,598.45 | |
| Dec, 2025 | 20 | $237.46 | $721.24 | $958.69 | $40,877.21 | |
| Jan, 2026 | 21 | $233.34 | $725.35 | $958.69 | $40,151.86 | |
| Feb, 2026 | 22 | $229.20 | $729.49 | $958.69 | $39,422.36 | |
| Mar, 2026 | 23 | $225.04 | $733.66 | $958.69 | $38,688.70 | |
| Apr, 2026 | 24 | $220.85 | $737.85 | $958.69 | $37,950.86 | |
| May, 2026 | 25 | $216.64 | $742.06 | $958.69 | $37,208.80 | |
| Jun, 2026 | 26 | $212.40 | $746.29 | $958.69 | $36,462.50 | |
| Jul, 2026 | 27 | $208.14 | $750.55 | $958.69 | $35,711.95 | |
| Aug, 2026 | 28 | $203.86 | $754.84 | $958.69 | $34,957.11 | |
| Sep, 2026 | 29 | $199.55 | $759.15 | $958.69 | $34,197.96 | |
| Oct, 2026 | 30 | $195.21 | $763.48 | $958.69 | $33,434.48 | |
| Nov, 2026 | 31 | $190.86 | $767.84 | $958.69 | $32,666.64 | |
| Dec, 2026 | 32 | $186.47 | $772.22 | $958.69 | $31,894.42 | |
| Jan, 2027 | 33 | $182.06 | $776.63 | $958.69 | $31,117.79 | |
| Feb, 2027 | 34 | $177.63 | $781.06 | $958.69 | $30,336.73 | |
| Mar, 2027 | 35 | $173.17 | $785.52 | $958.69 | $29,551.21 | |
| Apr, 2027 | 36 | $168.69 | $790.01 | $958.69 | $28,761.20 | |
| May, 2027 | 37 | $164.18 | $794.52 | $958.69 | $27,966.68 | |
| Jun, 2027 | 38 | $159.64 | $799.05 | $958.69 | $27,167.63 | |
| Jul, 2027 | 39 | $155.08 | $803.61 | $958.69 | $26,364.02 | |
| Aug, 2027 | 40 | $150.49 | $808.20 | $958.69 | $25,555.82 | |
| Sep, 2027 | 41 | $145.88 | $812.81 | $958.69 | $24,743.01 | |
| Oct, 2027 | 42 | $141.24 | $817.45 | $958.69 | $23,925.55 | |
| Nov, 2027 | 43 | $136.58 | $822.12 | $958.69 | $23,103.43 | |
| Dec, 2027 | 44 | $131.88 | $826.81 | $958.69 | $22,276.62 | |
| Jan, 2028 | 45 | $127.16 | $831.53 | $958.69 | $21,445.09 | |
| Feb, 2028 | 46 | $122.42 | $836.28 | $958.69 | $20,608.81 | |
| Mar, 2028 | 47 | $117.64 | $841.05 | $958.69 | $19,767.76 | |
| Apr, 2028 | 48 | $112.84 | $845.85 | $958.69 | $18,921.91 | |
| May, 2028 | 49 | $108.01 | $850.68 | $958.69 | $18,071.22 | |
| Jun, 2028 | 50 | $103.16 | $855.54 | $958.69 | $17,215.69 | |
| Jul, 2028 | 51 | $98.27 | $860.42 | $958.69 | $16,355.26 | |
| Aug, 2028 | 52 | $93.36 | $865.33 | $958.69 | $15,489.93 | |
| Sep, 2028 | 53 | $88.42 | $870.27 | $958.69 | $14,619.66 | |
| Oct, 2028 | 54 | $83.45 | $875.24 | $958.69 | $13,744.42 | |
| Nov, 2028 | 55 | $78.46 | $880.24 | $958.69 | $12,864.18 | |
| Dec, 2028 | 56 | $73.43 | $885.26 | $958.69 | $11,978.92 | |
| Jan, 2029 | 57 | $68.38 | $890.31 | $958.69 | $11,088.61 | |
| Feb, 2029 | 58 | $63.30 | $895.40 | $958.69 | $10,193.21 | |
| Mar, 2029 | 59 | $58.19 | $900.51 | $958.69 | $9,292.70 | |
| Apr, 2029 | 60 | $53.05 | $905.65 | $958.69 | $8,387.05 | |
| May, 2029 | 61 | $47.88 | $910.82 | $958.69 | $7,476.23 | |
| Jun, 2029 | 62 | $42.68 | $916.02 | $958.69 | $6,560.22 | |
| Jul, 2029 | 63 | $37.45 | $921.25 | $958.69 | $5,638.97 | |
| Aug, 2029 | 64 | $32.19 | $926.51 | $958.69 | $4,712.46 | |
| Sep, 2029 | 65 | $26.90 | $931.79 | $958.69 | $3,780.67 | |
| Oct, 2029 | 66 | $21.58 | $937.11 | $958.69 | $2,843.56 | |
| Nov, 2029 | 67 | $16.23 | $942.46 | $958.69 | $1,901.10 | |
| Dec, 2029 | 68 | $10.85 | $947.84 | $958.69 | $953.25 | |
| Jan, 2030 | 69 | $5.44 | $953.25 | $958.69 | $0.00 | |
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