| Loan | Mortgage | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel |
Recast Calculator to calculate how much money you can save by recasting your current mortgage. By making an lump sum extra payment, you may save money in the long term on interest payments for your home mortgage.
Mortgage Recast Results |
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Recast Mortgage Balance: |
$143,000.00 | |||||
Monthly Payment: |
$1,055.74 | |||||
Total # Of Payments: |
178 | |||||
Start Date: |
Nov, 2022 | |||||
Payoff Date: |
Aug, 2037 | |||||
Total Interest Paid: |
$44,921.10 | |||||
Total Payment: |
$187,921.10 | |||||
Original Mortgage Vs. Mortgage Recast |
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| Comparison | Monthly Payment | Total Interest | ||||
|---|---|---|---|---|---|---|
| Original | $1,256.45 | $53,317.85 | ||||
| Recast | $1,055.74 | $44,921.10 | ||||
| Fees | $0 | $450 | ||||
| Savings | $200.71 | $7,946.75 | ||||
Mortgage Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
| Nov, 2022 | 1 | $458.79 | $596.94 | $1,055.74 | $142,403.06 | |
| Dec, 2022 | 2 | $456.88 | $598.86 | $1,055.74 | $141,804.20 | |
| Jan, 2023 | 3 | $454.96 | $600.78 | $1,055.74 | $141,203.41 | |
| Feb, 2023 | 4 | $453.03 | $602.71 | $1,055.74 | $140,600.70 | |
| Mar, 2023 | 5 | $451.09 | $604.64 | $1,055.74 | $139,996.06 | |
| Apr, 2023 | 6 | $449.15 | $606.58 | $1,055.74 | $139,389.48 | |
| May, 2023 | 7 | $447.21 | $608.53 | $1,055.74 | $138,780.95 | |
| Jun, 2023 | 8 | $445.26 | $610.48 | $1,055.74 | $138,170.47 | |
| Jul, 2023 | 9 | $443.30 | $612.44 | $1,055.74 | $137,558.03 | |
| Aug, 2023 | 10 | $441.33 | $614.40 | $1,055.74 | $136,943.63 | |
| Sep, 2023 | 11 | $439.36 | $616.38 | $1,055.74 | $136,327.25 | |
| Oct, 2023 | 12 | $437.38 | $618.35 | $1,055.74 | $135,708.90 | |
| Nov, 2023 | 13 | $435.40 | $620.34 | $1,055.74 | $135,088.56 | |
| Dec, 2023 | 14 | $433.41 | $622.33 | $1,055.74 | $134,466.23 | |
| Jan, 2024 | 15 | $431.41 | $624.32 | $1,055.74 | $133,841.91 | |
| Feb, 2024 | 16 | $429.41 | $626.33 | $1,055.74 | $133,215.58 | |
| Mar, 2024 | 17 | $427.40 | $628.34 | $1,055.74 | $132,587.24 | |
| Apr, 2024 | 18 | $425.38 | $630.35 | $1,055.74 | $131,956.89 | |
| May, 2024 | 19 | $423.36 | $632.37 | $1,055.74 | $131,324.52 | |
| Jun, 2024 | 20 | $421.33 | $634.40 | $1,055.74 | $130,690.11 | |
| Jul, 2024 | 21 | $419.30 | $636.44 | $1,055.74 | $130,053.67 | |
| Aug, 2024 | 22 | $417.26 | $638.48 | $1,055.74 | $129,415.19 | |
| Sep, 2024 | 23 | $415.21 | $640.53 | $1,055.74 | $128,774.66 | |
| Oct, 2024 | 24 | $413.15 | $642.58 | $1,055.74 | $128,132.08 | |
| Nov, 2024 | 25 | $411.09 | $644.65 | $1,055.74 | $127,487.43 | |
| Dec, 2024 | 26 | $409.02 | $646.71 | $1,055.74 | $126,840.72 | |
| Jan, 2025 | 27 | $406.95 | $648.79 | $1,055.74 | $126,191.93 | |
| Feb, 2025 | 28 | $404.87 | $650.87 | $1,055.74 | $125,541.06 | |
| Mar, 2025 | 29 | $402.78 | $652.96 | $1,055.74 | $124,888.10 | |
| Apr, 2025 | 30 | $400.68 | $655.05 | $1,055.74 | $124,233.05 | |
| May, 2025 | 31 | $398.58 | $657.16 | $1,055.74 | $123,575.89 | |
| Jun, 2025 | 32 | $396.47 | $659.26 | $1,055.74 | $122,916.63 | |
| Jul, 2025 | 33 | $394.36 | $661.38 | $1,055.74 | $122,255.25 | |
| Aug, 2025 | 34 | $392.24 | $663.50 | $1,055.74 | $121,591.75 | |
| Sep, 2025 | 35 | $390.11 | $665.63 | $1,055.74 | $120,926.12 | |
| Oct, 2025 | 36 | $387.97 | $667.77 | $1,055.74 | $120,258.35 | |
| Nov, 2025 | 37 | $385.83 | $669.91 | $1,055.74 | $119,588.44 | |
| Dec, 2025 | 38 | $383.68 | $672.06 | $1,055.74 | $118,916.39 | |
| Jan, 2026 | 39 | $381.52 | $674.21 | $1,055.74 | $118,242.17 | |
| Feb, 2026 | 40 | $379.36 | $676.38 | $1,055.74 | $117,565.80 | |
| Mar, 2026 | 41 | $377.19 | $678.55 | $1,055.74 | $116,887.25 | |
| Apr, 2026 | 42 | $375.01 | $680.72 | $1,055.74 | $116,206.53 | |
| May, 2026 | 43 | $372.83 | $682.91 | $1,055.74 | $115,523.62 | |
| Jun, 2026 | 44 | $370.64 | $685.10 | $1,055.74 | $114,838.52 | |
| Jul, 2026 | 45 | $368.44 | $687.30 | $1,055.74 | $114,151.23 | |
| Aug, 2026 | 46 | $366.24 | $689.50 | $1,055.74 | $113,461.73 | |
| Sep, 2026 | 47 | $364.02 | $691.71 | $1,055.74 | $112,770.01 | |
| Oct, 2026 | 48 | $361.80 | $693.93 | $1,055.74 | $112,076.08 | |
| Nov, 2026 | 49 | $359.58 | $696.16 | $1,055.74 | $111,379.92 | |
| Dec, 2026 | 50 | $357.34 | $698.39 | $1,055.74 | $110,681.53 | |
| Jan, 2027 | 51 | $355.10 | $700.63 | $1,055.74 | $109,980.89 | |
| Feb, 2027 | 52 | $352.86 | $702.88 | $1,055.74 | $109,278.01 | |
| Mar, 2027 | 53 | $350.60 | $705.14 | $1,055.74 | $108,572.88 | |
| Apr, 2027 | 54 | $348.34 | $707.40 | $1,055.74 | $107,865.48 | |
| May, 2027 | 55 | $346.07 | $709.67 | $1,055.74 | $107,155.81 | |
| Jun, 2027 | 56 | $343.79 | $711.94 | $1,055.74 | $106,443.86 | |
| Jul, 2027 | 57 | $341.51 | $714.23 | $1,055.74 | $105,729.64 | |
| Aug, 2027 | 58 | $339.22 | $716.52 | $1,055.74 | $105,013.12 | |
| Sep, 2027 | 59 | $336.92 | $718.82 | $1,055.74 | $104,294.30 | |
| Oct, 2027 | 60 | $334.61 | $721.13 | $1,055.74 | $103,573.17 | |
| Nov, 2027 | 61 | $332.30 | $723.44 | $1,055.74 | $102,849.73 | |
| Dec, 2027 | 62 | $329.98 | $725.76 | $1,055.74 | $102,123.97 | |
| Jan, 2028 | 63 | $327.65 | $728.09 | $1,055.74 | $101,395.88 | |
| Feb, 2028 | 64 | $325.31 | $730.42 | $1,055.74 | $100,665.46 | |
| Mar, 2028 | 65 | $322.97 | $732.77 | $1,055.74 | $99,932.69 | |
| Apr, 2028 | 66 | $320.62 | $735.12 | $1,055.74 | $99,197.57 | |
| May, 2028 | 67 | $318.26 | $737.48 | $1,055.74 | $98,460.09 | |
| Jun, 2028 | 68 | $315.89 | $739.84 | $1,055.74 | $97,720.25 | |
| Jul, 2028 | 69 | $313.52 | $742.22 | $1,055.74 | $96,978.03 | |
| Aug, 2028 | 70 | $311.14 | $744.60 | $1,055.74 | $96,233.43 | |
| Sep, 2028 | 71 | $308.75 | $746.99 | $1,055.74 | $95,486.44 | |
| Oct, 2028 | 72 | $306.35 | $749.38 | $1,055.74 | $94,737.06 | |
| Nov, 2028 | 73 | $303.95 | $751.79 | $1,055.74 | $93,985.27 | |
| Dec, 2028 | 74 | $301.54 | $754.20 | $1,055.74 | $93,231.07 | |
| Jan, 2029 | 75 | $299.12 | $756.62 | $1,055.74 | $92,474.45 | |
| Feb, 2029 | 76 | $296.69 | $759.05 | $1,055.74 | $91,715.40 | |
| Mar, 2029 | 77 | $294.25 | $761.48 | $1,055.74 | $90,953.92 | |
| Apr, 2029 | 78 | $291.81 | $763.93 | $1,055.74 | $90,189.99 | |
| May, 2029 | 79 | $289.36 | $766.38 | $1,055.74 | $89,423.62 | |
| Jun, 2029 | 80 | $286.90 | $768.84 | $1,055.74 | $88,654.78 | |
| Jul, 2029 | 81 | $284.43 | $771.30 | $1,055.74 | $87,883.48 | |
| Aug, 2029 | 82 | $281.96 | $773.78 | $1,055.74 | $87,109.70 | |
| Sep, 2029 | 83 | $279.48 | $776.26 | $1,055.74 | $86,333.44 | |
| Oct, 2029 | 84 | $276.99 | $778.75 | $1,055.74 | $85,554.69 | |
| Nov, 2029 | 85 | $274.49 | $781.25 | $1,055.74 | $84,773.44 | |
| Dec, 2029 | 86 | $271.98 | $783.76 | $1,055.74 | $83,989.69 | |
| Jan, 2030 | 87 | $269.47 | $786.27 | $1,055.74 | $83,203.42 | |
| Feb, 2030 | 88 | $266.94 | $788.79 | $1,055.74 | $82,414.63 | |
| Mar, 2030 | 89 | $264.41 | $791.32 | $1,055.74 | $81,623.30 | |
| Apr, 2030 | 90 | $261.87 | $793.86 | $1,055.74 | $80,829.44 | |
| May, 2030 | 91 | $259.33 | $796.41 | $1,055.74 | $80,033.03 | |
| Jun, 2030 | 92 | $256.77 | $798.96 | $1,055.74 | $79,234.07 | |
| Jul, 2030 | 93 | $254.21 | $801.53 | $1,055.74 | $78,432.54 | |
| Aug, 2030 | 94 | $251.64 | $804.10 | $1,055.74 | $77,628.44 | |
| Sep, 2030 | 95 | $249.06 | $806.68 | $1,055.74 | $76,821.76 | |
| Oct, 2030 | 96 | $246.47 | $809.27 | $1,055.74 | $76,012.50 | |
| Nov, 2030 | 97 | $243.87 | $811.86 | $1,055.74 | $75,200.64 | |
| Dec, 2030 | 98 | $241.27 | $814.47 | $1,055.74 | $74,386.17 | |
| Jan, 2031 | 99 | $238.66 | $817.08 | $1,055.74 | $73,569.09 | |
| Feb, 2031 | 100 | $236.03 | $819.70 | $1,055.74 | $72,749.38 | |
| Mar, 2031 | 101 | $233.40 | $822.33 | $1,055.74 | $71,927.05 | |
| Apr, 2031 | 102 | $230.77 | $824.97 | $1,055.74 | $71,102.08 | |
| May, 2031 | 103 | $228.12 | $827.62 | $1,055.74 | $70,274.46 | |
| Jun, 2031 | 104 | $225.46 | $830.27 | $1,055.74 | $69,444.19 | |
| Jul, 2031 | 105 | $222.80 | $832.94 | $1,055.74 | $68,611.25 | |
| Aug, 2031 | 106 | $220.13 | $835.61 | $1,055.74 | $67,775.65 | |
| Sep, 2031 | 107 | $217.45 | $838.29 | $1,055.74 | $66,937.36 | |
| Oct, 2031 | 108 | $214.76 | $840.98 | $1,055.74 | $66,096.38 | |
| Nov, 2031 | 109 | $212.06 | $843.68 | $1,055.74 | $65,252.70 | |
| Dec, 2031 | 110 | $209.35 | $846.38 | $1,055.74 | $64,406.32 | |
| Jan, 2032 | 111 | $206.64 | $849.10 | $1,055.74 | $63,557.22 | |
| Feb, 2032 | 112 | $203.91 | $851.82 | $1,055.74 | $62,705.39 | |
| Mar, 2032 | 113 | $201.18 | $854.56 | $1,055.74 | $61,850.84 | |
| Apr, 2032 | 114 | $198.44 | $857.30 | $1,055.74 | $60,993.54 | |
| May, 2032 | 115 | $195.69 | $860.05 | $1,055.74 | $60,133.49 | |
| Jun, 2032 | 116 | $192.93 | $862.81 | $1,055.74 | $59,270.68 | |
| Jul, 2032 | 117 | $190.16 | $865.58 | $1,055.74 | $58,405.10 | |
| Aug, 2032 | 118 | $187.38 | $868.35 | $1,055.74 | $57,536.75 | |
| Sep, 2032 | 119 | $184.60 | $871.14 | $1,055.74 | $56,665.61 | |
| Oct, 2032 | 120 | $181.80 | $873.93 | $1,055.74 | $55,791.68 | |
| Nov, 2032 | 121 | $179.00 | $876.74 | $1,055.74 | $54,914.94 | |
| Dec, 2032 | 122 | $176.19 | $879.55 | $1,055.74 | $54,035.39 | |
| Jan, 2033 | 123 | $173.36 | $882.37 | $1,055.74 | $53,153.01 | |
| Feb, 2033 | 124 | $170.53 | $885.20 | $1,055.74 | $52,267.81 | |
| Mar, 2033 | 125 | $167.69 | $888.04 | $1,055.74 | $51,379.77 | |
| Apr, 2033 | 126 | $164.84 | $890.89 | $1,055.74 | $50,488.87 | |
| May, 2033 | 127 | $161.99 | $893.75 | $1,055.74 | $49,595.12 | |
| Jun, 2033 | 128 | $159.12 | $896.62 | $1,055.74 | $48,698.50 | |
| Jul, 2033 | 129 | $156.24 | $899.50 | $1,055.74 | $47,799.01 | |
| Aug, 2033 | 130 | $153.36 | $902.38 | $1,055.74 | $46,896.63 | |
| Sep, 2033 | 131 | $150.46 | $905.28 | $1,055.74 | $45,991.35 | |
| Oct, 2033 | 132 | $147.56 | $908.18 | $1,055.74 | $45,083.17 | |
| Nov, 2033 | 133 | $144.64 | $911.09 | $1,055.74 | $44,172.07 | |
| Dec, 2033 | 134 | $141.72 | $914.02 | $1,055.74 | $43,258.06 | |
| Jan, 2034 | 135 | $138.79 | $916.95 | $1,055.74 | $42,341.11 | |
| Feb, 2034 | 136 | $135.84 | $919.89 | $1,055.74 | $41,421.21 | |
| Mar, 2034 | 137 | $132.89 | $922.84 | $1,055.74 | $40,498.37 | |
| Apr, 2034 | 138 | $129.93 | $925.80 | $1,055.74 | $39,572.57 | |
| May, 2034 | 139 | $126.96 | $928.77 | $1,055.74 | $38,643.79 | |
| Jun, 2034 | 140 | $123.98 | $931.75 | $1,055.74 | $37,712.04 | |
| Jul, 2034 | 141 | $120.99 | $934.74 | $1,055.74 | $36,777.29 | |
| Aug, 2034 | 142 | $117.99 | $937.74 | $1,055.74 | $35,839.55 | |
| Sep, 2034 | 143 | $114.99 | $940.75 | $1,055.74 | $34,898.80 | |
| Oct, 2034 | 144 | $111.97 | $943.77 | $1,055.74 | $33,955.03 | |
| Nov, 2034 | 145 | $108.94 | $946.80 | $1,055.74 | $33,008.23 | |
| Dec, 2034 | 146 | $105.90 | $949.84 | $1,055.74 | $32,058.40 | |
| Jan, 2035 | 147 | $102.85 | $952.88 | $1,055.74 | $31,105.51 | |
| Feb, 2035 | 148 | $99.80 | $955.94 | $1,055.74 | $30,149.57 | |
| Mar, 2035 | 149 | $96.73 | $959.01 | $1,055.74 | $29,190.57 | |
| Apr, 2035 | 150 | $93.65 | $962.08 | $1,055.74 | $28,228.48 | |
| May, 2035 | 151 | $90.57 | $965.17 | $1,055.74 | $27,263.31 | |
| Jun, 2035 | 152 | $87.47 | $968.27 | $1,055.74 | $26,295.05 | |
| Jul, 2035 | 153 | $84.36 | $971.37 | $1,055.74 | $25,323.67 | |
| Aug, 2035 | 154 | $81.25 | $974.49 | $1,055.74 | $24,349.18 | |
| Sep, 2035 | 155 | $78.12 | $977.62 | $1,055.74 | $23,371.57 | |
| Oct, 2035 | 156 | $74.98 | $980.75 | $1,055.74 | $22,390.81 | |
| Nov, 2035 | 157 | $71.84 | $983.90 | $1,055.74 | $21,406.92 | |
| Dec, 2035 | 158 | $68.68 | $987.06 | $1,055.74 | $20,419.86 | |
| Jan, 2036 | 159 | $65.51 | $990.22 | $1,055.74 | $19,429.64 | |
| Feb, 2036 | 160 | $62.34 | $993.40 | $1,055.74 | $18,436.24 | |
| Mar, 2036 | 161 | $59.15 | $996.59 | $1,055.74 | $17,439.65 | |
| Apr, 2036 | 162 | $55.95 | $999.78 | $1,055.74 | $16,439.87 | |
| May, 2036 | 163 | $52.74 | $1,002.99 | $1,055.74 | $15,436.87 | |
| Jun, 2036 | 164 | $49.53 | $1,006.21 | $1,055.74 | $14,430.66 | |
| Jul, 2036 | 165 | $46.30 | $1,009.44 | $1,055.74 | $13,421.23 | |
| Aug, 2036 | 166 | $43.06 | $1,012.68 | $1,055.74 | $12,408.55 | |
| Sep, 2036 | 167 | $39.81 | $1,015.93 | $1,055.74 | $11,392.62 | |
| Oct, 2036 | 168 | $36.55 | $1,019.19 | $1,055.74 | $10,373.44 | |
| Nov, 2036 | 169 | $33.28 | $1,022.46 | $1,055.74 | $9,350.98 | |
| Dec, 2036 | 170 | $30.00 | $1,025.74 | $1,055.74 | $8,325.25 | |
| Jan, 2037 | 171 | $26.71 | $1,029.03 | $1,055.74 | $7,296.22 | |
| Feb, 2037 | 172 | $23.41 | $1,032.33 | $1,055.74 | $6,263.89 | |
| Mar, 2037 | 173 | $20.10 | $1,035.64 | $1,055.74 | $5,228.25 | |
| Apr, 2037 | 174 | $16.77 | $1,038.96 | $1,055.74 | $4,189.29 | |
| May, 2037 | 175 | $13.44 | $1,042.30 | $1,055.74 | $3,146.99 | |
| Jun, 2037 | 176 | $10.10 | $1,045.64 | $1,055.74 | $2,101.35 | |
| Jul, 2037 | 177 | $6.74 | $1,048.99 | $1,055.74 | $1,052.36 | |
| Aug, 2037 | 178 | $3.38 | $1,052.36 | $1,055.74 | $0.00 | |
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