Truist 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
Truist (formed from the BB&T and SunTrust merger) offers recasting on eligible conventional loans, with some distinctive rules. Get an independent estimate here, then confirm the specifics with Truist. (This isn't Truist's official site.)
Truist recast — what to check
Truist's servicing guidance sets out clearer recast rules than most, though details can change and vary by state. The estimate above uses standard amortization; Truist's figures are the official ones.
- Loan type: The loan must be conventional. Government-backed loans aren't eligible.
- Minimum: The recast (principal reduction) generally must be at least 10% of the unpaid principal balance — a percentage rule, not a flat dollar minimum.
- Fee: A $250 recast fee typically applies. In some states, including New York, the fee is prohibited; in North Carolina, a different balance-based fee may apply.
- Seasoning: At least one payment usually must be made before a recast.
Guies Roc Blanc is not affiliated with Truist. Confirm the current fee, the 10% minimum and state-specific rules with Truist Mortgage Client Services.
State rules and the SunTrust / BB&T heritage
Truist is unusual in how explicitly its guidance treats state-specific fee rules. The standard $250 recast fee doesn't apply everywhere: in New York the fee is prohibited outright, and in North Carolina a different, balance-based charge can apply instead. If you're in either state, ask Truist to confirm exactly what you'll be charged before you submit — the difference isn't trivial on a large balance.
There's also a heritage point that trips people up. Truist was created by the merger of BB&T and SunTrust, so a loan that originated years ago under either name is now serviced under Truist's rules — including its recast policy and the 10%-of-balance minimum. If your paperwork still says SunTrust or BB&T, you're looking at a Truist recast today. Truist's own materials also extend recasting to certain conventional products it labels "Key Loans," so ask specifically which category your mortgage falls under.
Truist recast — FAQ
Does Truist allow mortgage recasting?
Yes, on eligible conventional loans. Truist's guidance describes a recast that keeps your rate and term and recalculates only the monthly payment.
What is Truist's minimum to recast?
The recast amount generally must be at least 10% of your unpaid principal balance — a percentage-based minimum rather than a flat dollar figure.
How much is the Truist recast fee?
Typically $250. Some states, including New York, prohibit the fee; North Carolina may use a different balance-based fee. Confirm your state's rule.
Is Truist the same as SunTrust or BB&T?
Truist was formed by the merger of BB&T and SunTrust. If your loan originated with either, it's now serviced under Truist.
Can I recast an FHA or VA loan with Truist?
No. Truist limits recasting to conventional loans; government-backed loans aren't eligible.