Mortgage Recast Calculator

Mortgage Recast Calculator uses a clear formula, labeled inputs, official references, and a shareable result URL for checking a scenario. The calculator evaluates the displayed relationship Simplified payment = balance ÷ (months × 12); it does not insert an undisclosed rate, conversion, forecast, or adjustment. Its input set is balance and months. The worked starting scenario uses balance = 250000 and months = 360, which is only an editable example and not a recommendation. Enter each quantity in the unit printed beside its field, because a correct equation still produces a misleading result when units or percentage conventions are mixed. To understand sensitivity, hold every field except one constant and compare the new output with the baseline. That makes the effect of balance visible without confusing it with a simultaneous change to months. The result is rounded for display after the calculation, so small differences from another tool can come from precision, input definitions, or a different formula. This page is a focused model of Simplified payment = balance ÷ (months × 12), not a substitute for missing eligibility rules, taxes, fees, clinical judgment, building requirements, or contractual terms. Only the values shown are included. For verification, the method and terminology are checked against Consumer financial education from Consumer Financial Protection Bureau; review that source for definitions, limits, and exceptions that may apply outside this simplified calculation. The server-rendered GET form keeps a completed scenario reviewable from its URL, including when JavaScript is unavailable.