About RecastSavings

Our mission

Mortgage recasting is one of the most useful and least understood tools a homeowner has. Put a lump sum toward your principal, pay a small one-time fee, and your lender re-amortizes the loan so your monthly payment drops while your rate and payoff date stay the same. It can save tens of thousands of dollars in interest, yet most people have never heard of it, and the lenders who offer it rarely explain it clearly.

We built RecastSavings to fix that. Our goal is to make mortgage recasting understandable to anyone, backed by a free calculator that gives you accurate numbers in seconds: your new monthly payment, total interest saved, and how quickly the recast fee pays for itself.

What we are (and aren't)

RecastSavings is an independent educational tool. We are not a lender, a mortgage broker, or a financial advisor. We don't sell loans, collect your personal financial data, or pass your information to banks. The calculator runs entirely in your browser, so the numbers you enter stay on your device.

Because every loan and servicer is different, we always encourage you to confirm the specifics (minimum lump sum, fees, and eligibility) directly with your lender. Our lender recast policies guide is a good starting point, but your servicer has the final word.

How we keep it free

The calculator and every guide on this site are free to use, with no signup required. We keep the lights on through unobtrusive advertising and optional reader support. That independence lets us give you straight, accurate information about whether recasting is worth it for your situation, not whatever a lender wants to sell.