Recast $150,000 Mortgage Calculator will calculate how much you can save in interest payments by recasting your $150K mortgage.
Mortgage Recast Results |
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Recast Mortgage Balance: |
$104,250.00 | |||||
Monthly Payment: |
$1,359.11 | |||||
Total # Of Payments: |
92 | |||||
Start Date: |
May, 2024 | |||||
Payoff Date: |
Dec, 2031 | |||||
Total Interest Paid: |
$20,788.31 | |||||
Total Payment: |
$125,038.31 | |||||
Original Mortgage Vs. Mortgage Recast |
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| Comparison | Original | Recast | ||||
|---|---|---|---|---|---|---|
| Monthly Payment | $1,965.43 | $1,359.11 | ||||
| Total Interest | $29,722.00 | $20,788.31 | ||||
| Fees | $0 | $750 | ||||
| Savings | $0 | $8,183.68 | ||||
Mortgage Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
| May, 2024 | 1 | $421.34 | $937.77 | $1,359.11 | $103,312.23 | |
| Jun, 2024 | 2 | $417.55 | $941.56 | $1,359.11 | $102,370.67 | |
| Jul, 2024 | 3 | $413.75 | $945.36 | $1,359.11 | $101,425.31 | |
| Aug, 2024 | 4 | $409.93 | $949.18 | $1,359.11 | $100,476.12 | |
| Sep, 2024 | 5 | $406.09 | $953.02 | $1,359.11 | $99,523.10 | |
| Oct, 2024 | 6 | $402.24 | $956.87 | $1,359.11 | $98,566.23 | |
| Nov, 2024 | 7 | $398.37 | $960.74 | $1,359.11 | $97,605.49 | |
| Dec, 2024 | 8 | $394.49 | $964.62 | $1,359.11 | $96,640.87 | |
| Jan, 2025 | 9 | $390.59 | $968.52 | $1,359.11 | $95,672.34 | |
| Feb, 2025 | 10 | $386.68 | $972.44 | $1,359.11 | $94,699.91 | |
| Mar, 2025 | 11 | $382.75 | $976.37 | $1,359.11 | $93,723.54 | |
| Apr, 2025 | 12 | $378.80 | $980.31 | $1,359.11 | $92,743.23 | |
| May, 2025 | 13 | $374.84 | $984.27 | $1,359.11 | $91,758.95 | |
| Jun, 2025 | 14 | $370.86 | $988.25 | $1,359.11 | $90,770.70 | |
| Jul, 2025 | 15 | $366.86 | $992.25 | $1,359.11 | $89,778.45 | |
| Aug, 2025 | 16 | $362.85 | $996.26 | $1,359.11 | $88,782.20 | |
| Sep, 2025 | 17 | $358.83 | $1,000.28 | $1,359.11 | $87,781.91 | |
| Oct, 2025 | 18 | $354.79 | $1,004.33 | $1,359.11 | $86,777.59 | |
| Nov, 2025 | 19 | $350.73 | $1,008.39 | $1,359.11 | $85,769.20 | |
| Dec, 2025 | 20 | $346.65 | $1,012.46 | $1,359.11 | $84,756.74 | |
| Jan, 2026 | 21 | $342.56 | $1,016.55 | $1,359.11 | $83,740.18 | |
| Feb, 2026 | 22 | $338.45 | $1,020.66 | $1,359.11 | $82,719.52 | |
| Mar, 2026 | 23 | $334.32 | $1,024.79 | $1,359.11 | $81,694.73 | |
| Apr, 2026 | 24 | $330.18 | $1,028.93 | $1,359.11 | $80,665.81 | |
| May, 2026 | 25 | $326.02 | $1,033.09 | $1,359.11 | $79,632.72 | |
| Jun, 2026 | 26 | $321.85 | $1,037.26 | $1,359.11 | $78,595.45 | |
| Jul, 2026 | 27 | $317.66 | $1,041.46 | $1,359.11 | $77,554.00 | |
| Aug, 2026 | 28 | $313.45 | $1,045.66 | $1,359.11 | $76,508.33 | |
| Sep, 2026 | 29 | $309.22 | $1,049.89 | $1,359.11 | $75,458.44 | |
| Oct, 2026 | 30 | $304.98 | $1,054.13 | $1,359.11 | $74,404.31 | |
| Nov, 2026 | 31 | $300.72 | $1,058.39 | $1,359.11 | $73,345.91 | |
| Dec, 2026 | 32 | $296.44 | $1,062.67 | $1,359.11 | $72,283.24 | |
| Jan, 2027 | 33 | $292.14 | $1,066.97 | $1,359.11 | $71,216.27 | |
| Feb, 2027 | 34 | $287.83 | $1,071.28 | $1,359.11 | $70,145.00 | |
| Mar, 2027 | 35 | $283.50 | $1,075.61 | $1,359.11 | $69,069.39 | |
| Apr, 2027 | 36 | $279.16 | $1,079.96 | $1,359.11 | $67,989.43 | |
| May, 2027 | 37 | $274.79 | $1,084.32 | $1,359.11 | $66,905.11 | |
| Jun, 2027 | 38 | $270.41 | $1,088.70 | $1,359.11 | $65,816.40 | |
| Jul, 2027 | 39 | $266.01 | $1,093.10 | $1,359.11 | $64,723.30 | |
| Aug, 2027 | 40 | $261.59 | $1,097.52 | $1,359.11 | $63,625.78 | |
| Sep, 2027 | 41 | $257.15 | $1,101.96 | $1,359.11 | $62,523.82 | |
| Oct, 2027 | 42 | $252.70 | $1,106.41 | $1,359.11 | $61,417.41 | |
| Nov, 2027 | 43 | $248.23 | $1,110.88 | $1,359.11 | $60,306.52 | |
| Dec, 2027 | 44 | $243.74 | $1,115.37 | $1,359.11 | $59,191.15 | |
| Jan, 2028 | 45 | $239.23 | $1,119.88 | $1,359.11 | $58,071.27 | |
| Feb, 2028 | 46 | $234.70 | $1,124.41 | $1,359.11 | $56,946.86 | |
| Mar, 2028 | 47 | $230.16 | $1,128.95 | $1,359.11 | $55,817.91 | |
| Apr, 2028 | 48 | $225.60 | $1,133.51 | $1,359.11 | $54,684.40 | |
| May, 2028 | 49 | $221.02 | $1,138.10 | $1,359.11 | $53,546.30 | |
| Jun, 2028 | 50 | $216.42 | $1,142.70 | $1,359.11 | $52,403.60 | |
| Jul, 2028 | 51 | $211.80 | $1,147.31 | $1,359.11 | $51,256.29 | |
| Aug, 2028 | 52 | $207.16 | $1,151.95 | $1,359.11 | $50,104.34 | |
| Sep, 2028 | 53 | $202.51 | $1,156.61 | $1,359.11 | $48,947.73 | |
| Oct, 2028 | 54 | $197.83 | $1,161.28 | $1,359.11 | $47,786.45 | |
| Nov, 2028 | 55 | $193.14 | $1,165.98 | $1,359.11 | $46,620.47 | |
| Dec, 2028 | 56 | $188.42 | $1,170.69 | $1,359.11 | $45,449.79 | |
| Jan, 2029 | 57 | $183.69 | $1,175.42 | $1,359.11 | $44,274.37 | |
| Feb, 2029 | 58 | $178.94 | $1,180.17 | $1,359.11 | $43,094.20 | |
| Mar, 2029 | 59 | $174.17 | $1,184.94 | $1,359.11 | $41,909.26 | |
| Apr, 2029 | 60 | $169.38 | $1,189.73 | $1,359.11 | $40,719.53 | |
| May, 2029 | 61 | $164.57 | $1,194.54 | $1,359.11 | $39,524.99 | |
| Jun, 2029 | 62 | $159.75 | $1,199.37 | $1,359.11 | $38,325.63 | |
| Jul, 2029 | 63 | $154.90 | $1,204.21 | $1,359.11 | $37,121.41 | |
| Aug, 2029 | 64 | $150.03 | $1,209.08 | $1,359.11 | $35,912.33 | |
| Sep, 2029 | 65 | $145.15 | $1,213.97 | $1,359.11 | $34,698.37 | |
| Oct, 2029 | 66 | $140.24 | $1,218.87 | $1,359.11 | $33,479.49 | |
| Nov, 2029 | 67 | $135.31 | $1,223.80 | $1,359.11 | $32,255.70 | |
| Dec, 2029 | 68 | $130.37 | $1,228.75 | $1,359.11 | $31,026.95 | |
| Jan, 2030 | 69 | $125.40 | $1,233.71 | $1,359.11 | $29,793.24 | |
| Feb, 2030 | 70 | $120.41 | $1,238.70 | $1,359.11 | $28,554.54 | |
| Mar, 2030 | 71 | $115.41 | $1,243.70 | $1,359.11 | $27,310.84 | |
| Apr, 2030 | 72 | $110.38 | $1,248.73 | $1,359.11 | $26,062.11 | |
| May, 2030 | 73 | $105.33 | $1,253.78 | $1,359.11 | $24,808.33 | |
| Jun, 2030 | 74 | $100.27 | $1,258.85 | $1,359.11 | $23,549.48 | |
| Jul, 2030 | 75 | $95.18 | $1,263.93 | $1,359.11 | $22,285.55 | |
| Aug, 2030 | 76 | $90.07 | $1,269.04 | $1,359.11 | $21,016.51 | |
| Sep, 2030 | 77 | $84.94 | $1,274.17 | $1,359.11 | $19,742.34 | |
| Oct, 2030 | 78 | $79.79 | $1,279.32 | $1,359.11 | $18,463.02 | |
| Nov, 2030 | 79 | $74.62 | $1,284.49 | $1,359.11 | $17,178.53 | |
| Dec, 2030 | 80 | $69.43 | $1,289.68 | $1,359.11 | $15,888.85 | |
| Jan, 2031 | 81 | $64.22 | $1,294.89 | $1,359.11 | $14,593.95 | |
| Feb, 2031 | 82 | $58.98 | $1,300.13 | $1,359.11 | $13,293.82 | |
| Mar, 2031 | 83 | $53.73 | $1,305.38 | $1,359.11 | $11,988.44 | |
| Apr, 2031 | 84 | $48.45 | $1,310.66 | $1,359.11 | $10,677.78 | |
| May, 2031 | 85 | $43.16 | $1,315.96 | $1,359.11 | $9,361.82 | |
| Jun, 2031 | 86 | $37.84 | $1,321.27 | $1,359.11 | $8,040.55 | |
| Jul, 2031 | 87 | $32.50 | $1,326.61 | $1,359.11 | $6,713.94 | |
| Aug, 2031 | 88 | $27.14 | $1,331.98 | $1,359.11 | $5,381.96 | |
| Sep, 2031 | 89 | $21.75 | $1,337.36 | $1,359.11 | $4,044.60 | |
| Oct, 2031 | 90 | $16.35 | $1,342.77 | $1,359.11 | $2,701.83 | |
| Nov, 2031 | 91 | $10.92 | $1,348.19 | $1,359.11 | $1,353.64 | |
| Dec, 2031 | 92 | $5.47 | $1,353.64 | $1,359.11 | $0.00 | |
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