mortgage recast calculator to estimate potential savings on monthly payments after making a lump sum payment towards the principal
Feel free to try it out at https://mortgage-recast-calculator.com
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The Mortgage Recast Calculator website is a useful tool for homeowners looking to reduce their monthly mortgage payments through a lump sum payment.
It’s a valuable resource for anyone considering adjusting their mortgage to better suit their financial situation.
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Hey!
Nice tool!
One idea that I have that could potentially improve your app is to show the estimated savings in interest fees.
It would be nice to know how much I can save in interest payments if I pay this lump sum.
e.g.
New Monthly Payment ($): $78.58
Savings over the loan term (in interest fees) ($): $1500