Chase Mortgage Recast Calculator
Payment breakdown
Interest & break-even
Total monthly housing cost
Where your money goes over time
If the freed-up cash is invested at 7%, the saved payments grow to about $0 by payoff.
Four ways to use that cash
| Scenario | Monthly P&I | Interest left | Payoff | What happens |
|---|
Show the full amortization schedule (before vs after)
| # | Int. now | Prin. now | Bal. now | Int. recast | Prin. recast | Bal. recast |
|---|
How to use this calculator
- Enter your current loan balance, interest rate, and remaining term.
- Enter the lump-sum amount you plan to pay toward principal.
- Click Calculate to see your new payment, interest savings, and comparison.
About this tool
Hold a Chase mortgage and thinking about a big principal payment? Run the numbers first. This independent estimate shows your new Chase payment and interest saved, then walks you through Chase's minimum, fee, and how to actually request the recast.
Chase recast: minimum, fee & process
Chase describes a recast as re-amortizing your remaining balance over the remaining term while keeping your existing interest rate. The estimate above assumes exactly that. The policy details below reflect terms Chase has commonly applied — but a servicer can change them, so treat these as a checklist to confirm, not a promise.
| What to confirm with Chase | Typically | Ask specifically |
|---|---|---|
| Minimum principal to recast | Often around $5,000 | "What's the current minimum curtailment to qualify?" |
| Recast / re-amortization fee | A small flat fee (frequently under $150) | "What is the exact fee, and is it added to my balance or paid upfront?" |
| Eligible loan types | Many conventional loans; not FHA/VA | "Is my specific loan eligible to be recast?" |
| Order of operations | Principal posts first, then request recast | "Do I pay first, or submit the request first?" |
| When the new payment starts | Usually 1–2 billing cycles | "Which statement will show the new payment?" |
Last reviewed: replace with your verification date. Guies Roc Blanc is not affiliated with or endorsed by JPMorgan Chase & Co. Confirm all figures at chase.com or with Chase mortgage servicing before acting.
How to request a recast from Chase
- Make the principal-only payment. Send your lump sum and clearly designate it "principal only" so Chase doesn't apply it to upcoming installments.
- Contact Chase mortgage servicing. Ask to recast (re-amortize) the loan and request the fee and any form in writing.
- Complete any agreement. Some recasts require a signed authorization; return it promptly.
- Watch the next statement. Confirm the balance dropped, the money hit principal, and the new lower payment appears.
Not sure Chase is the cheapest route?
If rates have fallen since you closed, a refinance could beat a recast. Compare them head-to-head.
Questions Chase borrowers ask
Does Chase allow mortgage recasting?
Chase offers recasting on many conventional loans, keeping your rate and term and lowering the payment after a principal reduction. Government-backed loans generally aren't eligible. Confirm your specific loan with Chase.
What is Chase's minimum to recast?
Chase has commonly required a minimum principal reduction in the neighborhood of $5,000, but the exact figure is set by the servicer and can change. Ask for the current minimum before you plan around it.
How much does a Chase recast cost?
Typically a small flat fee — far less than refinancing closing costs. Get the exact amount from Chase and check whether it's paid upfront or added to the balance.
Will my Chase rate change after a recast?
No. Recasting keeps your existing interest rate and maturity date. Only the monthly principal-and-interest payment changes.
How long does a Chase recast take?
Usually one to two billing cycles after your principal payment posts and the request is processed. Verify on your next statement.