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Recasting $100,000 Mortgage Calculator

Recasting $100,000 Mortgage Calculator is used to calculate whether or not it is worth recasting your $100K mortgage.

Recast $100,000 Mortgage

Remaining Balance
$
Interest Rate
Current Monthly Payment
$
Recasting Payment
$
Recasting Cost
$

Mortgage Recast Results

Recast Mortgage Balance:
$54,550.00
Monthly Payment:
$958.69
Total # Of Payments:
69
Start Date:
Jun, 2024
Payoff Date:
Feb, 2030
Total Interest Paid:
$11,599.91
Total Payment:
$66,149.91

Original Mortgage Vs. Mortgage Recast

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

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jun, 2024 1 $311.39 $647.30 $958.69 $53,902.70
Jul, 2024 2 $307.69 $651.00 $958.69 $53,251.70
Aug, 2024 3 $303.98 $654.72 $958.69 $52,596.98
Sep, 2024 4 $300.24 $658.45 $958.69 $51,938.53
Oct, 2024 5 $296.48 $662.21 $958.69 $51,276.31
Nov, 2024 6 $292.70 $665.99 $958.69 $50,610.32
Dec, 2024 7 $288.90 $669.79 $958.69 $49,940.53
Jan, 2025 8 $285.08 $673.62 $958.69 $49,266.91
Feb, 2025 9 $281.23 $677.46 $958.69 $48,589.45
Mar, 2025 10 $277.36 $681.33 $958.69 $47,908.12
Apr, 2025 11 $273.48 $685.22 $958.69 $47,222.90
May, 2025 12 $269.56 $689.13 $958.69 $46,533.77
Jun, 2025 13 $265.63 $693.06 $958.69 $45,840.71
Jul, 2025 14 $261.67 $697.02 $958.69 $45,143.69
Aug, 2025 15 $257.70 $701.00 $958.69 $44,442.69
Sep, 2025 16 $253.69 $705.00 $958.69 $43,737.69
Oct, 2025 17 $249.67 $709.03 $958.69 $43,028.66
Nov, 2025 18 $245.62 $713.07 $958.69 $42,315.59
Dec, 2025 19 $241.55 $717.14 $958.69 $41,598.45
Jan, 2026 20 $237.46 $721.24 $958.69 $40,877.21
Feb, 2026 21 $233.34 $725.35 $958.69 $40,151.86
Mar, 2026 22 $229.20 $729.49 $958.69 $39,422.36
Apr, 2026 23 $225.04 $733.66 $958.69 $38,688.70
May, 2026 24 $220.85 $737.85 $958.69 $37,950.86
Jun, 2026 25 $216.64 $742.06 $958.69 $37,208.80
Jul, 2026 26 $212.40 $746.29 $958.69 $36,462.50
Aug, 2026 27 $208.14 $750.55 $958.69 $35,711.95
Sep, 2026 28 $203.86 $754.84 $958.69 $34,957.11
Oct, 2026 29 $199.55 $759.15 $958.69 $34,197.96
Nov, 2026 30 $195.21 $763.48 $958.69 $33,434.48
Dec, 2026 31 $190.86 $767.84 $958.69 $32,666.64
Jan, 2027 32 $186.47 $772.22 $958.69 $31,894.42
Feb, 2027 33 $182.06 $776.63 $958.69 $31,117.79
Mar, 2027 34 $177.63 $781.06 $958.69 $30,336.73
Apr, 2027 35 $173.17 $785.52 $958.69 $29,551.21
May, 2027 36 $168.69 $790.01 $958.69 $28,761.20
Jun, 2027 37 $164.18 $794.52 $958.69 $27,966.68
Jul, 2027 38 $159.64 $799.05 $958.69 $27,167.63
Aug, 2027 39 $155.08 $803.61 $958.69 $26,364.02
Sep, 2027 40 $150.49 $808.20 $958.69 $25,555.82
Oct, 2027 41 $145.88 $812.81 $958.69 $24,743.01
Nov, 2027 42 $141.24 $817.45 $958.69 $23,925.55
Dec, 2027 43 $136.58 $822.12 $958.69 $23,103.43
Jan, 2028 44 $131.88 $826.81 $958.69 $22,276.62
Feb, 2028 45 $127.16 $831.53 $958.69 $21,445.09
Mar, 2028 46 $122.42 $836.28 $958.69 $20,608.81
Apr, 2028 47 $117.64 $841.05 $958.69 $19,767.76
May, 2028 48 $112.84 $845.85 $958.69 $18,921.91
Jun, 2028 49 $108.01 $850.68 $958.69 $18,071.22
Jul, 2028 50 $103.16 $855.54 $958.69 $17,215.69
Aug, 2028 51 $98.27 $860.42 $958.69 $16,355.26
Sep, 2028 52 $93.36 $865.33 $958.69 $15,489.93
Oct, 2028 53 $88.42 $870.27 $958.69 $14,619.66
Nov, 2028 54 $83.45 $875.24 $958.69 $13,744.42
Dec, 2028 55 $78.46 $880.24 $958.69 $12,864.18
Jan, 2029 56 $73.43 $885.26 $958.69 $11,978.92
Feb, 2029 57 $68.38 $890.31 $958.69 $11,088.61
Mar, 2029 58 $63.30 $895.40 $958.69 $10,193.21
Apr, 2029 59 $58.19 $900.51 $958.69 $9,292.70
May, 2029 60 $53.05 $905.65 $958.69 $8,387.05
Jun, 2029 61 $47.88 $910.82 $958.69 $7,476.23
Jul, 2029 62 $42.68 $916.02 $958.69 $6,560.22
Aug, 2029 63 $37.45 $921.25 $958.69 $5,638.97
Sep, 2029 64 $32.19 $926.51 $958.69 $4,712.46
Oct, 2029 65 $26.90 $931.79 $958.69 $3,780.67
Nov, 2029 66 $21.58 $937.11 $958.69 $2,843.56
Dec, 2029 67 $16.23 $942.46 $958.69 $1,901.10
Jan, 2030 68 $10.85 $947.84 $958.69 $953.25
Feb, 2030 69 $5.44 $953.25 $958.69 $0.00
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