Recast $100,000 Mortgage Calculator will calculate how much you can save in interest payments by recasting your $100K mortgage.
Mortgage Recast Results |
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Recast Mortgage Balance: |
$54,500.00 | |||||
Monthly Payment: |
$930.17 | |||||
Total # Of Payments: |
67 | |||||
Start Date: |
Nov, 2024 | |||||
Payoff Date: |
May, 2030 | |||||
Total Interest Paid: |
$7,821.09 | |||||
Total Payment: |
$62,321.09 | |||||
Original Mortgage Vs. Mortgage Recast |
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| Comparison | Original | Recast | ||||
|---|---|---|---|---|---|---|
| Monthly Payment | $1,715.43 | $930.17 | ||||
| Total Interest | $14,265.57 | $7,821.09 | ||||
| Fees | $0 | $750 | ||||
| Savings | $0 | $5,694.48 | ||||
Mortgage Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
| Nov, 2024 | 1 | $220.27 | $709.89 | $930.17 | $53,790.11 | |
| Dec, 2024 | 2 | $217.40 | $712.76 | $930.17 | $53,077.34 | |
| Jan, 2025 | 3 | $214.52 | $715.64 | $930.17 | $52,361.70 | |
| Feb, 2025 | 4 | $211.63 | $718.54 | $930.17 | $51,643.16 | |
| Mar, 2025 | 5 | $208.72 | $721.44 | $930.17 | $50,921.72 | |
| Apr, 2025 | 6 | $205.81 | $724.36 | $930.17 | $50,197.36 | |
| May, 2025 | 7 | $202.88 | $727.28 | $930.17 | $49,470.08 | |
| Jun, 2025 | 8 | $199.94 | $730.22 | $930.17 | $48,739.85 | |
| Jul, 2025 | 9 | $196.99 | $733.18 | $930.17 | $48,006.68 | |
| Aug, 2025 | 10 | $194.03 | $736.14 | $930.17 | $47,270.54 | |
| Sep, 2025 | 11 | $191.05 | $739.11 | $930.17 | $46,531.43 | |
| Oct, 2025 | 12 | $188.06 | $742.10 | $930.17 | $45,789.32 | |
| Nov, 2025 | 13 | $185.07 | $745.10 | $930.17 | $45,044.22 | |
| Dec, 2025 | 14 | $182.05 | $748.11 | $930.17 | $44,296.11 | |
| Jan, 2026 | 15 | $179.03 | $751.14 | $930.17 | $43,544.98 | |
| Feb, 2026 | 16 | $175.99 | $754.17 | $930.17 | $42,790.81 | |
| Mar, 2026 | 17 | $172.95 | $757.22 | $930.17 | $42,033.59 | |
| Apr, 2026 | 18 | $169.89 | $760.28 | $930.17 | $41,273.31 | |
| May, 2026 | 19 | $166.81 | $763.35 | $930.17 | $40,509.95 | |
| Jun, 2026 | 20 | $163.73 | $766.44 | $930.17 | $39,743.52 | |
| Jul, 2026 | 21 | $160.63 | $769.54 | $930.17 | $38,973.98 | |
| Aug, 2026 | 22 | $157.52 | $772.65 | $930.17 | $38,201.34 | |
| Sep, 2026 | 23 | $154.40 | $775.77 | $930.17 | $37,425.57 | |
| Oct, 2026 | 24 | $151.26 | $778.90 | $930.17 | $36,646.66 | |
| Nov, 2026 | 25 | $148.11 | $782.05 | $930.17 | $35,864.61 | |
| Dec, 2026 | 26 | $144.95 | $785.21 | $930.17 | $35,079.40 | |
| Jan, 2027 | 27 | $141.78 | $788.39 | $930.17 | $34,291.01 | |
| Feb, 2027 | 28 | $138.59 | $791.57 | $930.17 | $33,499.44 | |
| Mar, 2027 | 29 | $135.39 | $794.77 | $930.17 | $32,704.67 | |
| Apr, 2027 | 30 | $132.18 | $797.98 | $930.17 | $31,906.68 | |
| May, 2027 | 31 | $128.96 | $801.21 | $930.17 | $31,105.47 | |
| Jun, 2027 | 32 | $125.72 | $804.45 | $930.17 | $30,301.03 | |
| Jul, 2027 | 33 | $122.47 | $807.70 | $930.17 | $29,493.33 | |
| Aug, 2027 | 34 | $119.20 | $810.96 | $930.17 | $28,682.36 | |
| Sep, 2027 | 35 | $115.92 | $814.24 | $930.17 | $27,868.12 | |
| Oct, 2027 | 36 | $112.63 | $817.53 | $930.17 | $27,050.59 | |
| Nov, 2027 | 37 | $109.33 | $820.84 | $930.17 | $26,229.75 | |
| Dec, 2027 | 38 | $106.01 | $824.15 | $930.17 | $25,405.60 | |
| Jan, 2028 | 39 | $102.68 | $827.48 | $930.17 | $24,578.12 | |
| Feb, 2028 | 40 | $99.34 | $830.83 | $930.17 | $23,747.29 | |
| Mar, 2028 | 41 | $95.98 | $834.19 | $930.17 | $22,913.10 | |
| Apr, 2028 | 42 | $92.61 | $837.56 | $930.17 | $22,075.54 | |
| May, 2028 | 43 | $89.22 | $840.94 | $930.17 | $21,234.60 | |
| Jun, 2028 | 44 | $85.82 | $844.34 | $930.17 | $20,390.26 | |
| Jul, 2028 | 45 | $82.41 | $847.75 | $930.17 | $19,542.50 | |
| Aug, 2028 | 46 | $78.98 | $851.18 | $930.17 | $18,691.32 | |
| Sep, 2028 | 47 | $75.54 | $854.62 | $930.17 | $17,836.70 | |
| Oct, 2028 | 48 | $72.09 | $858.08 | $930.17 | $16,978.62 | |
| Nov, 2028 | 49 | $68.62 | $861.54 | $930.17 | $16,117.08 | |
| Dec, 2028 | 50 | $65.14 | $865.03 | $930.17 | $15,252.05 | |
| Jan, 2029 | 51 | $61.64 | $868.52 | $930.17 | $14,383.53 | |
| Feb, 2029 | 52 | $58.13 | $872.03 | $930.17 | $13,511.50 | |
| Mar, 2029 | 53 | $54.61 | $875.56 | $930.17 | $12,635.94 | |
| Apr, 2029 | 54 | $51.07 | $879.10 | $930.17 | $11,756.85 | |
| May, 2029 | 55 | $47.52 | $882.65 | $930.17 | $10,874.20 | |
| Jun, 2029 | 56 | $43.95 | $886.22 | $930.17 | $9,987.98 | |
| Jul, 2029 | 57 | $40.37 | $889.80 | $930.17 | $9,098.19 | |
| Aug, 2029 | 58 | $36.77 | $893.39 | $930.17 | $8,204.79 | |
| Sep, 2029 | 59 | $33.16 | $897.00 | $930.17 | $7,307.79 | |
| Oct, 2029 | 60 | $29.54 | $900.63 | $930.17 | $6,407.16 | |
| Nov, 2029 | 61 | $25.90 | $904.27 | $930.17 | $5,502.89 | |
| Dec, 2029 | 62 | $22.24 | $907.92 | $930.17 | $4,594.96 | |
| Jan, 2030 | 63 | $18.57 | $911.59 | $930.17 | $3,683.37 | |
| Feb, 2030 | 64 | $14.89 | $915.28 | $930.17 | $2,768.09 | |
| Mar, 2030 | 65 | $11.19 | $918.98 | $930.17 | $1,849.11 | |
| Apr, 2030 | 66 | $7.47 | $922.69 | $930.17 | $926.42 | |
| May, 2030 | 67 | $3.74 | $926.42 | $930.17 | $0.00 | |
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