$
Loan Details
The month your loan started
Enter as a percentage (e.g. 4.00)
Minimum monthly savings to make recast worthwhile
f(x)
Formulas Used
PMT = P × [r(1+r)³] / [(1+r)³ − 1]
Max recast balance =
(PMT − threshold) × [(1+r)³−1] / [r(1+r)³]
P = Principal · r = monthly rate · n = remaining months
Enter your loan amount, origination date, and interest rate,
then click Calculate Recast to see your full analysis.