Overview
🤔 You might be wondering, what is a Mortgage Recast Calculator? Simply put, it’s a powerful tool that helps homeowners estimate the potential savings from recasting their mortgage! By making a lump-sum payment toward the principal balance, you can lower your monthly payments and potentially save on interest costs. 💰✨
How to Use
👩💻 Using our Mortgage Recast Calculator is easy! Follow these simple steps:
- Input your Remaining Balance, Interest Rate, Current Monthly Payment, and Recasting Payment in the form above. 💻
- Hit the Calculate button and voilà! 🎉 You’ll see your new monthly payment, total savings, and much more displayed in the results table.
Remember, this calculator is a guide to help you make informed financial decisions – it’s not a guarantee of your future savings!
