Dovenmuehle mortgage recast calculator
Enter four figures: your Dovenmuehle balance, your interest rate, how many months remain, and your lump sum.
- The new payment.
- The amount it drops by.
- Interest saved after the fee
- When the fee is paid back.
The amount shown covers principal and interest only, and taxes plus insurance (escrow) are billed separately. You cannot recast FHA, VA and USDA loans.
01 How to request a Dovenmuehle mortgage recast
How to request
- Request to Customer Service 1-800-669-4268; fee and required information provided before the service is performed
- The published fee
- $150–$600 'Modification Principal Reduction' fee (the exact fee is available by phone; charged as permitted under GSE/investor guidelines and state law)
- The published minimum
- not published
02 Recast with Dovenmuehle, pay extra principal or do nothing
With a $300,000 balance at 6.5%, 300 months left, a $30,000 lump sum and an assumed $250 recast fee:
| Option | Recast | Extra principal | Do nothing |
|---|---|---|---|
| Monthly payment | $1,823.06 | $2,025.62 | $2,025.62 |
| Paid off in | 25 years | 19 years 9 months | 25 years |
| Interest left to pay | $276,918 | $210,016 | $307,686 |
| Interest saved after the fee | $30,519 | $97,670 | $0 |
| Fee | $250 | $0 | $0 |
| Fee paid back by the lower payment in | 2 months | No fee | No fee |
Amortization schedule in Excel lists every payment month by month.
03 Recast fees from other servicers
| Servicer | Recast fee | Minimum lump sum |
|---|---|---|
 Bank of America | No fee | $5,000 over six months |
 Wells Fargo | No fee | $10,000 |
 Rocket Mortgage | $250 | $10,000 |
 PennyMac | $250 | $10,000 |
 Truist | $250 | 10% of the balance |
 U.S. Bank | $250 | Not published |
04 Questions about a Dovenmuehle recast
Does Dovenmuehle charge for a recast?
It is $150 to $600. On Dovenmuehle's page, the listed fee is $150–$600 for a 'Modification Principal Reduction'. Call for the exact amount. It is charged only as allowed under GSE/investor guidelines and state law.
For a Dovenmuehle recast, what minimum lump sum is required?
That figure is not published. The published figure is: not published.
Does Dovenmuehle allow a recast of an FHA or VA loan?
No. Voluntary recast is not offered on FHA, VA, or USDA loans, so extra principal is what shortens them. Recast rules by loan type